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Stocks Under $10 with 50-100% upside potential - 14 days FREE!

5 Bottoming Stocks Starting to Signal a Buy

V.F. Corporation

Up first is apparel name V.F. Corporation (VFC). This clothing stock has slid close to 9% in the last quarter, a period while the rest of the industry has pushed almost 5% higher. But now, VFC could be getting ready to play catch-up thanks to the pattern that's showing itself in shares.

VFC is currently forming a falling wedge, a price pattern that's formed by downtrending trendlines that are converging. Don't let this pattern's appearance fool you. Even though it looks bearish, it's actually a bullish setup. That convergence is the critical element that separates a falling wedge from a more conventional bearish downtrend. The breakout above downtrend resistance is the buy signal for this stock.

Some bigger names have been showing similar setups lately and have already staged their breakouts higher. If those are any indication of the upside potential in VFC, investors will want to keep a very close eye on resistance right here. It's critical not to be early on this trade by jumping in before that breakout happens. Since VFC is still trending lower, you could be in a losing position before this stock even triggers the buy signal. When it does, though, keep a tight stop at the 200-day moving average.

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