Coach, Inc. Message Board
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Where is the support for this stock?
Just want to buy when the selloff is done.
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The next real support level i s $30 with a top at 34.50 area. I Am actually surprised it is over $34. I thought we wouldbe looking at a $32 close, but the day is early :) Good luck being patient but no reason to buy at this spot on a technical level.
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$25-30
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200 day SMA is at 30. Coach is always at the mercy of the shorts after news and they shorts have no reason to stop shorting.
- 2 Replies to lumpen_proletariat
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COH has amongst the lowest short ratios in the sector. Can't attribute a decline to the shorts. Try again.
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Shorts have already done their best to create market fear. They should be taking their short term profits by now. Obama vs big banks is not that important.
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59.230.85(+1.46%)May 17 4:02 PMEDT