Coty - turnaround ahead?

For a very long period of time NYSE:COTY was a troubled company with deteriorating fundamentals.

However, right now, it is trying to transform itself and improve both financials and position in the market. Top management really believes in turnaround, insiders purchased around $100 million in stock last year!!!

And now it looks like stock might be finally ready to go much higher also from technical perspective. Large inverted H&S in the making, and strong breakout of bullish flag yesterday. Volume also supports higher prices ahead, (you can see that on up days it is much higher compared to down days).

So low risk entry at current prices with stop just below recent lows might yield very good investment returns. I am buying.


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