U.S. Markets close in 2 hrs 58 mins
  • S&P 500

    4,141.17
    -4.02 (-0.10%)
     
  • Dow 30

    32,816.87
    +13.40 (+0.04%)
     
  • Nasdaq

    12,652.23
    -5.33 (-0.04%)
     
  • Russell 2000

    1,935.61
    +13.79 (+0.72%)
     
  • Crude Oil

    89.79
    +0.78 (+0.88%)
     
  • Gold

    1,804.00
    +12.80 (+0.71%)
     
  • Silver

    20.65
    +0.80 (+4.05%)
     
  • EUR/USD

    1.0198
    +0.0010 (+0.1020%)
     
  • 10-Yr Bond

    2.7650
    -0.0750 (-2.64%)
     
  • Vix

    21.79
    +0.64 (+3.03%)
     
  • GBP/USD

    1.2077
    +0.0006 (+0.0531%)
     
  • USD/JPY

    134.6220
    -0.3480 (-0.2578%)
     
  • BTC-USD

    23,927.10
    +819.12 (+3.54%)
     
  • CMC Crypto 200

    557.36
    +14.49 (+2.67%)
     
  • FTSE 100

    7,482.37
    +42.63 (+0.57%)
     
  • Nikkei 225

    28,249.24
    +73.37 (+0.26%)
     

PVH (PVH) Just Overtook the 200-Day Moving Average

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

After reaching an important support level, PVH (PVH) could be a good stock pick from a technical perspective. PVH surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.

The 200-day simple moving average is widely-used by traders and analysts, and helps establish market trends for stocks, commodities, indexes, and other financial instruments over the long term. The indicator moves higher or lower together with longer-term price moves, serving as a support or resistance level.

Moving Average Chart for PVH
Moving Average Chart for PVH

Over the past four weeks, PVH has gained 6.8%. The company is currently ranked a Zacks Rank #3 (Hold), another strong indication the stock could move even higher.

The bullish case solidifies once investors consider PVH's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 9 higher, while the consensus estimate has increased too.

Investors should think about putting PVH on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

PVH Corp. (PVH) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research