cashcow04
Long

COH Bull Reversal?

NYSE:COH   COACH INC
coh
9 0 1
coh
This could be a sexy payoff. Looking at the Sept 16 calls, you could get in at the 40 strike for about 85 cents right now. If this thing attempts a rebound back to $42-44ish, that could be a very very nice return. This based nicely last week, and on Friday had a nice MACD crossover on volume . Watching this closely as this stock has been beaten down so much more than it's nemesis KORS while having similar earnings/guidance. I like the turnaround story on this one.
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