Friday, April 15, 2011

Buy VFC for a Quick 20% Pop

tdp2664
InvestorPlace
VF Corp. (NYSE: VFC ) — This global apparel company designs and manufactures, or sources from independent contractors, a variety of apparel and footwear for all ages. Its Vans and North Face brands are viewed as growth drivers, along with its new store growth in Asia. According to Standard & Poor’s, the company is transforming the denim and daypack area with lifestyle apparel brands. S&P’s 12-month target was recently increased to $110, and it gives the stock a “five-star strong buy” rating. Technically, after consolidating for over a year between $70 and $90, the stock broke a quadruple-top with an impressive breakaway gap. And this week, it added to its momentum by breaking from a small consolidation, giving it a new trading target of $120 within three to six weeks. VFC’s annual dividend yield is 2.6%. If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .



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