Coach (COH) took a header on earnings last week…
But it was punished far too much.
It’s now oversold on RSI and MACD.
Now view it with Bollinger Bands, Williams, and DMI.
It’s under the lower Bollinger Band, which is unsustainable.
It’s in oversold territory on Williams.
And DMI put in an unsustainable bounce that has to correct itself.
Earnings may not have been up to par, but I believe the stock will recover as we get into the holiday shopping sprees.