Coach, Inc. (NYSE:COH) designs, makes, and markets luxury lifestyle handbags and accessories. Its products include handbags, business cases, men's and women's accessories, luggage and travel accessories. Coach, together with a licensing partner, offers watches, footwear, furniture, and eyewear.
Coach's current stock range is defined by a trough, which marks calculated support at $35.06 and by a peak that marked the resistance point at $57.60. These levels are closely watched by traders managing their positions.
Traders wanting to establish a position in Coach or traders that are already holding the stock can use the doji close to their advantage, since the pattern present a short term pause in the stock's price action. This pause results in an entry point for traders depending of which way the stock resolves this short term indecision.
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