VFC is collapsing today for two reasons: 1- weak technicals. MACD, now -1.45, is declining rapidly. Similarly, 5 day EMA is lower than 13 day EMA and is accelerating downward. This trend began December 5 th, and is confirmed by high volume. Support may be $ 138. 2- Street chatter that VFC is interested in acquiring DECK, If true a likely dilutive transaction for a troubled company.
Well Smokey. I think Street( What street I don't know) isn't to happy about them not getting UGLY or DOOISH ??// DECK. That's it. DECK. Fact is. Like you said. Troubled. But how would you like to sell Timberland and North Face?... Anyway. They cant acquire doooish er DECK.. GOOD. How many problems do they need. Then why the sell off?. The CHART?. Maybe. $143 and I'm a BUYER.
We both agree that share price will likely decline. Five officers may concur, as evidenced by their unusually large sale of stock since November.Your $ 143 target is at the high end of stock price, prior to the July 19 step up.. While you certainly could be right, I selected $138.81 as support since that was the 200 SMA on July 19.