Make a Fashion Statement: Go Long on Coach

We last checked in on Coach (COH) in the middle of April, giving a bullish outlook and strategy: "Traders and investors could use the recent pullback to the $40-$39 area to buy or go long COH. I would use a sell stop below $38. Our upside price target is $55."

In this updated daily bar chart of COH, below, we can see the August to April base pattern. Not long after our bullish report on Real Money, COH exploded on the upside, soaring quickly from $39 to $46. Prices moved slowly higher -- from $45 to near $49 in the past three months. The rising 50-day moving average has been positive since early March and the slope of the 200-day moving average line turned positive in May....234 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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