V.F. Corporation (VFC) is an American apparel and footwear company. It owns well-known brands like JanSports, Timberland, Eastpak, and North Face. Those brands are among the leaders in their respective categories like activewear and outdoor gear. Consumer demand for apparel and footwear is expected to grow as the US, and the global economy bounces back from the pandemic. Additionally, there is a growing demand for outdoor activity – a trend from which VF Corporation can benefit. Therefore, the future growth prospects of the company are bright.
The long-term monthly chart for V.F. Corporation shows a 10-year long uptrend
with major swing highs followed by big swing lows. By and large, the price had stayed above the bottom trendline except in March-May 2020 when markets globally were in a volatile phase. Since those lows, the price rose to break the $90 level in mid-2021 before falling back down. In October 2021, the price seems to be finding support at the bottom of the long-term trend. A long position with a target of $90 and a stop loss of $62 below the bottom trend line offers an attractive risk-reward ratio.
Position entered into our long-term tracking portfolio today. The entry point is at $73.96, and stop-loss is at $54.74, which is 26% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $92.14, giving a profit of 25%.
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.