Coach Inc (COH) has seen heavy selling over the last month ever since the last Fed Rate Cut. On Tuesday morning, COH reported reported earnings which came in below analyst expectations, and as a result, COH continues to sell off.

This indicates the double bottom reversal pattern which was setting up in COH has failed. The support level of 41 should now act as resistance. Who knows when this selling off will end?



Andy Swan is co-founder and head trader for DaytradeTeam.com. To get all of Andy's day trading, swing trading, and options trading alerts in real time, subscribe to a one-week, all-inclusive trial membership to DaytradeTeam by clicking here.