Let's zero in on PVH. When we last reviewed PVH on June 12, we wrote that, "Will PVH be a survivor in the world of retail? Is there light at the end of the tunnel with the pandemic shutdown? The charts cannot answer that but PVH still needs to build -- and retest -- a bigger base pattern to launch a sustained uptrend."
Have things improved over the past three months? Let's check the charts and indicators.
In the daily bar chart of PVH, below, we can see that the shares declined into early June but then drifted higher into August and then accelerated higher into September. Prices have rallied above the declining 200-day moving average line and have been above the rising 50-day moving average line for some time now.
The On-Balance-Volume (OBV) line shows a strong rise from early July as traders became more aggressive buyers. The trend-following Moving Average Convergence Divergence (MACD) oscillator is in a bullish configuration.