PVH Corp. operates as an apparel company in the United States and
internationally. It is engaged in the design, marketing, and retail of
branded dress shirts, neckwear, sportswear, footwear, athletic apparel,
body wear, eyewear, sun wear, watches, handbags, men’s tailored
clothing, men’s dress furnishings, accessories, women’s dresses and
suits, women’s sportswear and performance apparel, golf apparel,
hosiery, socks, small leather goods, fragrances, home and bedding
products, bathroom accessories, and luggage. The company offers its
products under the own brands, such as Calvin Klein, Tommy Hilfiger, Van
Heusen, IZOD, ARROW, Warner’s, Olga and Eagle; and licensed brands
comprising Speedo, Geoffrey Beene, Kenneth Cole New York, Kenneth Cole
Reaction, Sean John, MICHAEL Michael Kors, Michael Kors Collection,
Chaps, Donald J. Trump Signature Collection, DKNY, Elie Tahari, Nautica,
Ted Baker, J. Garcia, Claiborne, Robert Graham, U.S. POLO ASSN., Ike
Behar, Axcess, Jones New York, and John Varvatos.
To review PVH’ stock, please take a look at the 1-year chart of PVH (PVH Corp.) below with my added notations:
PVH has been trading sideways for the last 3 months. Over that period
of time the stock has formed a clear resistance level at $127 (red). In
addition, the stock has also created a strong level of support at $115
(green) that was also support back in October. At some point the stock
will have to break one of the two levels the rectangle pattern has
created.
The Tale of the Tape: PVH has clear levels of
support ($115) and resistance ($127). The possible long positions on the
stock would be either on a pullback to $115, or on a breakout above
$127. The ideal short opportunities would be on either a break below
$115 or on a rally back up to $127.
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