Coach Crosses Below its 10-day MA (COH)
Coach (NYSE:COH) shares have crossed bearishly below their 10-day moving average of $35.88 on a volume of 435K 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.
In the past 52 weeks, Coach share prices have been bracketed by a low of $27.22 and a high of $43.71 and are now at $35.66, 31% 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 its subscribers protect gains by selling shares of Coach on August 12th, 2016 by issuing a Downtrend alert when the shares were trading at $39.56. Since that call, shares of Coach have fallen 8.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses coach