(NYSE:COH) is making a bullish
consolidation pattern on the intra-day chart. The key here is that the pattern is forming above the 200 moving average and is happening while the markets are reversing sharply off early gains. When this pattern forms any stock like Coach Inc
and the markets are falling, it shows relative strength
compared to the markets. This is even more bullish
. Please note that at 2PM ET, the Federal Reserve
will release a major statement.
Chief Market Strategist