Coach (COH) has been on a roll lately. This morning it was "All Aboard" the stagecoach! The stocked popped to new highs and is currently holding up there. The dividend is healthy above 3%. The SCTR gave a nice kick and it looks strong here. The 8-month high in relative strength is significant.
The MACD is making a nice bounce off the zero line and looks set to continue.
Hats off to handbags, this coach is leaving the station.
Good trading,
Greg Schnell, CMT, MFTA
About the author:
Greg Schnell, CMT, MFTA is Chief Technical Analyst at Osprey Strategic specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA).
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