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Byline: Nancy Gondo
Coach is working on the right side of a base it's been shaping for nine weeks after hitting a new high Dec. 1. The luxury leather goods maker closed below its 50-day moving average Jan. 9, but is close to reclaiming the trend line after two straight up days. It's 13% off its high.
Sales growth, while still strong, slowed the past three quarters from 36% to 35% to 34% to 33%. It's expected to hold at 32% the next two quarters. Coach's Overall Rank as tracked by Stock Checkup puts it 14th in its 64-stock Retail-Clothing/Shoe group. Its Technical and Attractiveness Ratings are a C, but it scores an A+ for Fundamental Rating. Rising ...