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Bullish Moving Average Cross by Coach Inc (COH)

By Amy Schwartz

Coach Inc (NYSE:COH) crossed over its 10-day moving average of $47.23 on a volume of 515K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Coach Inc share prices have been bracketed by a low of $34.07 and a high of $48.85 and are now at $47.74, 40% above that low price. The 200-day and 50-day moving averages have moved 0.52% higher and 0.78% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Coach Inc on May 8th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $45.51. Since that recommendation, shares of Coach Inc have risen 3.5%. We continue to monitor COH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses coach inc

Ticker(s): COH