Bearish Moving Average Cross by Coach (COH)
Today, shares of Coach (NYSE:COH) have fallen below their 10-day MA of $42.59 on a volume of 289K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Coach has traded in a range of $27.22 to $43.62 and is now at $42.39, 56% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.
SmarTrend recommended that subscribers consider buying shares of Coach on June 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $40.58. Since that recommendation, shares of Coach have risen 5.3%. We continue to monitor COH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses coach