Over the last few weeks we’ve discussed several technical patterns that can tell you when a stock may be beginning a new uptrend, so today I wanted to talk about a pattern that can help you spot the beginning of a new downtrend.
Coach (NYSE: COH) isn’t the brand I remember from a few years ago.
The Coach I remember sold boring handbags that felt overpriced even when they were on sale at my local department store or outlet mall. I rarely gave them a second look.
If I told my 22 year old self that I’d now even, gasp, buy and regularly carry a Coach handbag, I think she’d be shocked and confused. But as a self-professed “fashion girl,” the Coach I have been seeing for the last couple of years has had me excited. More →
A few weeks ago I wrote an article for our sister publication Direction Alerts about a technical pattern I had spotted on semiconductor company AMD.
What I had found at the time was a head and shoulders formation that I determined would see the stock price falling and giving investors an opportunity to buy this growth stock at a discount. More →