Before I go on, I ask that all readers go buy a few products from www.coach.com, thank you. You will be helping my swing trade. (hopefully)
Anyways! Getting down to WHY I think $COH is good for me as a swing trade - be warned this is only my opinion, this is not advice and is not a buy or sell recommendation, so use this as additional information in making your own decision(s).
Looking at the chart below, $COH has been trading in a range for about a month now (between the dotted lines). To me, if $COH breaks out of this range and continues higher I see potential of at least $55-56 price range. Again I really don't follow the fundamentals of the companies that I swing trade in but I think I should. Fundamentals is all the stuff that you learn in school, stuff like PE ratios, revenue, profits....blah blahhhh blahhhhhh. I'm no analyst so I stay away from that, I only look at what the charts tell me. Again, so far $COH has not done anything, it is still in the channel and so I am waiting. I know my exits and also how much money I am willing to risk in this swing trade, now its a matter of waiting and seeing.
*Right click picture, open in new tab*
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