04.09.2014 - Traders are waiting for the confirmation of the signal to purchase shares of Phillips-Van Heusen

The stock price of Phillips-Van Heusen continues to consolidate within the converging triangle after it has broken through and fixed above the sloping resistance line. In case of continued growth, confirmation of a buy signal will be fixing the price above the level of 119.50. In such case the closest targets will be 126.50 and 133.00. Fall is limited by support near 114.00. We expect continued growth of the company's quotes in the medium term.

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