octradr
Short

SHORT COACH AS CLOSE TO 57 AS YOU CAN!

BATS:COH   COACH INC
222 3 4
Coach has a major resistance line around 58 and is getting close to earnings. An entry into a short position close to 57 will help minimize risk.

Good confirmation that a short play will hold is if the 8 day EMA is under the 13 day going into earnings.

I would exit the position the day before earnings if the 8 day is still over the 13 going into earnings.
1/8
motleifaul
2 years ago
To me this looks like a flag which means trend continuation Let's wait whether the rate can extend to the upside what would create bigger upward potential.
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KPRD932
2 years ago
Wonder how well do they do on this holiday season?
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octradr
2 years ago
Well..it never got to 57 again but the play was good. Time to protect profits. 1/22
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