PVH rises to highest close since March 4th
PVH Corp. (PVH) Technical Analysis Report for Sep 16, 2020 | by Techniquant Editorial Team
PVH finished Wednesday at 72.08 gaining $1.15 (1.62%), strongly outperforming the S&P 500 (-0.46%). Today's close at 72.08 marks the highest recorded closing price since March 4th. Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (PVH as at Sep 16, 2020):
Wednesday's trading range has been $2.69 (3.75%), that's slightly below the last trading month's daily average range of $2.72. Things look different on the weekly timeframe, where the market's trading range of the last week has been slightly above the market's average weekly trading range. The longer-term, monthly volatility is currently notably higher than usual for PVH.
One bullish candlestick pattern matches today's price action, the Bullish Spinning Top. The last time a Bullish Spinning Top showed up on August 13th, PVH gained 3.26% on the following trading day.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.