Shorted Coach Inc (COH)

Submitted by Maher on Sat, 10/08/2011 - 21:09

Coach broke the rising wedge pattern last week and was testing the back of the wedge trend line on Friday. I entered the stock short @ $57.22 on Friday and holding the stock over the weekend.  This is a great low risk entry that could turn out to be a great winner.  We will just have to wait and see!

COH Daily Chart

Coach Daily Chart

 

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