Dallas, Texas 08/11/2014 (FINANCIALSTRENDS) – Coach, Inc. (NYSE:COH) the makers of popular range of lifestyle products such as bags, perfumes, footwear, and fragrances besides a range of other exciting products has been marked ‘barbarian at the gate, ‘ by analysts Trade-Ideas LLC.
According to Trade-Ideas LLC, Coach, Inc. (NYSE:COH), is found to be strong stock which is able to overcome resistive price points and expected to achieve greater range of 200%. For investors the rating of ‘barbarian at the gate’ augurs good because these stocks have strong historical background. Tested and recommended in terms of volatility, stocks which are stamped ‘barbarian at the gate’ should give investors the financial goods they are looking for. In addition, Coach’s display of unusual behaviour which includes positive price action, should trend well with investors.
The recent movement beyond the proclaimed ‘resistance’ is a factor pointing the stock in the forward direction. This augmented by parallel stock movement in terms of prices, which are twice that of the normal band width prove certain upside qualities for this stock.
The only shadow in the stocks future would be the large range, which may prove to be deterrent, even as it remains in line with continued rise in prices.
Why The Forward Momentum?
Coach, Inc. (NYSE:COH) has been a long time provider in the lifestyle products and accessories and now wants to move into high net worth niches within the lifestyle product segment. As it looks to establish itself as a premium, branded player offering exclusive products for discerning clients, it has been moving on a re-structuring strategy as well. Several non-strategic stores and products are being spun-off, even as Coach reworks its layout for eye-catching display of newer branded products.
Coach Inc’s ambitious move is expected to fetch dividends, quite literally, in the ensuing quarters!