Coach has a major resistance line around 58 and is getting close to earnings. An entry into a short position close to 57 will help minimize risk.
Good confirmation that a short play will hold is if the 8 day EMA is under the 13 day going into earnings.
I would exit the position the day before earnings if the 8 day is still over the 13 going into earnings.
1/8
Good confirmation that a short play will hold is if the 8 day EMA is under the 13 day going into earnings.
I would exit the position the day before earnings if the 8 day is still over the 13 going into earnings.
1/8