PVH Corp. (PVH) saw a slight decline in its latest trading session amid continued negative pressure from trading below its 50-day simple moving average, following a break below a short-term corrective uptrend line a move that has intensified the stocks downside momentum. This comes after the stock had already relieved its earlier oversold conditions on the relative strength indicators, leaving it with more room for further losses in the near term.

Therefore, we expect the stock price to decline in its upcoming trading sessions, as long as the resistance level of $81.00 holds, targeting the support level of $71.45.

Todays price forecast: Bearish.