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Tuesday, October 25, 2011

Bearish Wedge Pattern Detected: (VFC)

Upward wedge patterns have been noticed on October 25 for the stocks V.F. Corporation. The price range of these stocks is getting more narrow as the upward trend continues, thus signally the trend is losing steam. This sends a bearish signal to investors as the upward trend is ending.

Shares of V.F. Corporation (VFC) fell by 2.27% or $-3.11/share to $133.88. In the past year, the shares have traded as low as $76.19 and as high as $139.63. On average, 1099260 shares of VFC exchange hands on a given day and today's volume is recorded at 929422.