Victorias Secret Co.s stock price (VSCO) edged slightly lower in latest intraday trading, after touching the resistance of the 50-day SMA, as it attempts to gather positive momentum that may help it overcome ongoing negative pressure. The stock continues to trade alongside a short-term upward correctional trend line, supported by positive signals streaming from the Stochastic.

Therefore we expect the stock to rise in upcoming trading, provided the support level of $18.40 holds on, targeting the pivotal resistance of $23.80.

Todays price forecast: Bullish