Short Entry: COH - The Market Speculator

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Short Entry: COH
Jul 21, 2008 03:26 PM UTC

The Market Speculator

Return	Risk
-9.10%	HIGH

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Symbol	Sentiment	Start	Return	Closed
COH		07/21/08	-27.66%	--

Via The Market Speculator:

This morning I went short 200 shares COH at $28.10. Poor OBV and overbought stochastic reading during what looks to be a short covering rally make this entry attractive. The stock seems to be failing at the 20 day MA. I will place my stop above the recent highs (above $29), with an initial target in the $24-25 range.

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