COH Watch

The clothing accessories maker Coach Inc. (COH) is showing a bull flag on the parabolic sar after a three-day whipsaw into bearishness. The bull phase is in line with an upward trend that has been in force since early February.

	trend	adx	psar	pps	macd	macd trend	sto	sto trend
COH $42.76

The signal hasn't been accessorized by any price increase as of yet. The average directional index is 40, so it is a trending stock.

The macd, although above zero-line, is deteriorating, and the stochastic, although still in overbought territory, is declining toward the neutral zone.

So it's something of a mixed bag on the signals.

You are here:

• Reversal
• $50.95, +19.2%
• $47.89, +12%
• $43.25, +1.2%
• Now $42.76
• Reversal
• $40.92, -4.3%

The present level is at the bottom of a range of congestion set in 2007.

---

Technical Analysis Explained : The Successful Investor's Guide to Spotting Investment Trends and Turning Points

Technical analyst Martin Pring reveals the secrets of the craft. No trader should be without this book.

---

This signal will be followed in the daily Watchlist, which is posted beginning around 2:45 p.m. Eastern. Look for it at www.timbovee.com.

Abbreviations:
psar - Parabolic Stop and Reverse
adx - Average Directional Index
pps - Person's Proprietary Signal
ma20 - 20-day moving average
macd - Moving Average Convergence-Divergence
mfi - Money Flow Index
sto - Fast Stochastic

About the glance: The colors indicate the state of each signal.

• trend: Determined by the 5-day moving average, green for up, red for down, yellow for sideways
• adx: orange for above 30-up, blue for 20-down, purple for in the middle. Red is most prone to whipsaws
• psar, pps, macd: green for bull mode, red for bear
• sto: green for overbought, red for oversold, yellow for the neutral zone.

New to Private Trader? Check out the Reader's Guide.

New to private trading? Here's a look at How to Become a Private Trader.