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American International Group price pierces current resistance – Forecast today

Stock Analysis

PVH Corp’s stock price (PVH) fell in latest intraday trading, amid negative signals from the Stochastic, while the price tries to gather positive momentum to rise anew, as the resistance of the $87.90 held its ground, with the dominance of the upward correctional trend in the short term, coupled with positive pressure due to trading above the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the resistance of $87.90, provided the support of $79.60 holds on.

 

Today’s price forecast: Bullish

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