A number of sell-side firms have cut their price targets on apparel maker VF Corp. (VFC) . Let's check the charts to see if VFC is closer to making a low or has further to go on the downside.
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We now have worries about the Fed raising rates while bonds are acting like the economy is going to slow dramatically.
The shares have recently failed at the underside of the declining 200-day moving average line.
We have a price target for this infrastructure engineering software firm.
This is typical bear market action in which stock picking doesn't matter much, and macro considerations are driving the indexes -- still, I've got a pick.