Pre-Market Technical Recap on Textile Stocks -- Under Armour, V.F. Corp., Naked Brand, and Vince
NEW YORK, June 7, 2017 /PRNewswire/ --
Textile and Clothing producer prices are forecasted to rise +0.5% in 2017 in the US and China, and by +1.5% in 2018 for the latter, according to a report on Euler Hermes. As a result, exports should climb by +3.5% to $925 billion, if no major occurrence upends international trade. Today, DailyStockTracker.com observes four Textile Apparel Clothing stocks, namely: Under Armour Inc. (NYSE: UA), V.F. Corp. (NYSE: VFC), Naked Brand Group Inc. (NASDAQ: NAKD), and Vince Holding Corp. (NYSE: VNCE). Daily Stock Tracker provides great insights on these stocks' free research reports at: http://dailystocktracker.com/register/
Under Armour
Baltimore, Maryland headquartered Under Armour Inc.'s shares rose 0.11%, finishing Tuesday's trading session at $18.97. A total volume of 2.71 million shares was traded. In the previous three months, the stock has advanced 4.75%. The Company's shares are trading above their 50-day moving average by 3.07%. Moreover, shares of Under Armour, which together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, Middle-East, Africa, Asia/Pacific, and Latin America, have a Relative Strength Index (RSI) of 57.17.
On May 25th, 2017, Under Armour and Tom Brady announced the 2017 Tom Brady Asia Tour Powered by Under Armour. As the Company continues to expand its presence in Asia, the tour brings the five-time World Champion and two-time MVP to the region to immerse himself and the brand in the culture, and connect with fans. Free research report on UA is available at: http://dailystocktracker.com/registration/?symbol=UA
V.F. Corp.
On Tuesday, shares in Greensboro, North Carolina headquartered V.F. Corp. recorded a trading volume of 2.97 million shares, and ended the session 1.07% lower at $53.72. The stock has gained 2.09% over the previous three months and 0.69% on an YTD basis. The Company's shares are trading 1.25% below their 50-day moving average. Furthermore, shares of V.F., which engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products in the Americas, Europe, and Asia/Pacific, have an RSI of 49.97.
On May 31st, 2017, Lee®, a V.F. Corp. brand, announced the appointment of Chris Waldeck as President of Lee and Rock & Republic®. A returning Kansas City native, Waldeck joins the brand as it celebrates 100 years headquartered in the Kansas City metro area. The complimentary research report on VFC can be downloaded at: http://dailystocktracker.com/registration/?symbol=VFC
Naked Brand
Shares in New York headquartered Naked Brand Group Inc. closed at $1.77, surging 6.63% from the last trading session. The stock recorded a trading volume of 1.12 million shares, which was above its three months average volume of 767,070 shares. The Company's shares have gained 77.00% since the start of this year. The stock is trading 5.03% above its 200-day moving average. Additionally, shares of Naked Brand, which designs, manufactures, and sells men's and women's underwear, intimate apparel, loungewear, and sleepwear products in the US and Canada, have an RSI of 44.20.
On May 25th, 2017, Naked Brand and privately held Bendon Limited, a global leader in intimate apparel and swimwear, jointly announced that they have entered into an Agreement and Plan of Reorganization (the "Merger") pursuant to which the former's shareholders will, upon the closing of the merger, receive approximately 7% of the outstanding ordinary shares of the combined company on a fully diluted basis, subject to adjustment. Visit DailyStockTracker.com today and access our complete research report on NAKD at: http://dailystocktracker.com/registration/?symbol=NAKD
Vince
New York-based Vince Holding Corp.'s stock ended 5.53% lower at $0.54 with a total trading volume of 519,338 shares. The Company's shares have advanced 28.24% in the last one month. The stock is trading below its 50-day moving average by 40.59%. Furthermore, shares of Vince Holding, which engages in the design, merchandise, and sale of various luxury brand products in the US and internationally, have an RSI of 43.11.
On May 31st, 2017, Vince Holding announced that it plans to report its Q1 2017 financial results pre-market on Thursday, June 08th, 2017. The Company also plans to hold a conference call to discuss its financial results on the same day at 8:30 a.m. ET. During the conference call, the Company may answer questions concerning business and financial developments, trends, and other business or financial matters. Get free access to your research report on VNCE at: http://dailystocktracker.com/registration/?symbol=VNCE
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