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Coach: The Technical Picture

 
Read the full article: http://www.weeklyta.blogspot.com

It might be a good time to buy as COH did bounce off it's $25 support level, but only for the short-term. If I was thinking about holding COH for the long-term, I would wait until a higher low is made as well as a higher high is made by closing above $32.50, officially breaking a descending triangle pattern.

Stock Symbol: COH COACH INC Stock Price: $18.33 Todays Change: +1.11 (+6.45%)