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After Yesterday's Decline of 1.18%, Coach Offers Investors Better Value

By James Quinn

Coach (NYSE:COH) traded in a range yesterday that spanned from a low of $39.05 to a high of $39.81. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $39.05 on volume of 870,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Coach have traded between a low of $27.22 and a high of $43.71 and are now at $39.17, which is 44% above that low price. Over the last five market days, 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 February 1st, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $37.62. Since that recommendation, shares of Coach have risen 5.6%. We continue to monitor COH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders coach

Ticker(s): COH