PVH Appears Suited for a Breakout

Shares of PVH (PVH) are moving well this morning. The stock's 1.8% gain puts it among the top 10 gainers in the S&P 500. This impressive breakout-type move has pushed PVH past the February high as an important bottom begins to take shape. If the bulls can muster a bit more confidence, the stock will easily reach new 2017 highs. 

PVH (PVH) -- Moving Averages
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Back on Dec. 8, PVH began a very steep decline with an ugly downside reversal. After seven straight losses, the stock had dropped nearly 20%, taking out multiple layers of support along the way. By late December, the stock was beginning to show signs of a bottom as selling pressure slowed dramatically. PVH hit a new low in February, but with the help of a divergent MACD (moving average convergence/divergence), further damage was limited. The stock has been steadily drifting higher since the Feb. 8 low and is working on a higher monthly low in March. ...86 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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