Transforming Network Infrastructure Industry News

[June 24, 2013]

Upgrade Alert for Phillips-Van Heusen (PVH)

Jun 24, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Phillips-Van Heusen (NYSE:PVH) was upgraded from Neutral to Overweight at Piper Jaffray today. The stock closed yesterday at $121.00 on volume of 1.7 million shares, above average daily volume of 800,000. Phillips-Van Heusen (NYSE:PVH) has potential upside of 4.9% based on a current price of $121.00 and analysts' consensus price target of $126.93. The stock should discover initial support at its 50-day moving average (MA) of $115.15 and subsequent support at its 200-day MA of $110.73.

In the past 52 weeks, shares of Phillips-Van Heusen have traded between a low of $73.26 and a high of $126.99 and closed yesterday at $121.00, which is 65% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.3%.

Phillips-Van Heusen Corporation designs, sources, manufactures, and markets men's, women's, and children's apparel and footwear. The Company markets its products at a wholesale level through department store chains and directly to consumers through retail stores.

SmarTrend is monitoring the recent change of momentum in Phillips-Van Heusen. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Phillips-Van Heusen in search of a potential trend change.

Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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