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Recent 52-Week High Exceeded in Shares of Coach Inc (COH)

By Nick Russo

Coach Inc (NYSE:COH) traded at a new 52-week high today of $48.25. So far today approximately 174,000 shares have been exchanged, as compared to an average 30-day volume of 3.8 million shares.

In the past 52 weeks, Coach Inc share prices have been bracketed by a low of $34.07 and a high of $48.25 and are now at $48.19, 41% 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.

Coach, Inc. designs, produces, and markets primarily leather goods. The Company's products include handbags, business cases, men's and women's accessories, luggage and travel accessories, leather outerwear, and gloves. Coach, together with a licensing partner, offers watches, footwear, fragrance, and eyewear.

Coach Inc (NYSE:COH) has potential upside of 3.5% based on a current price of $48.19 and analysts' consensus price target of $49.88. The stock should find initial support at its 50-day moving average (MA) of $39.63 and further support at its 200-day MA of $33.59.

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 5.4%. We continue to monitor COH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows coach inc

Ticker(s): COH