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Monday, January 9, 2017

New signals for 9-1-2017 $COH $ACN $KSS $LB $M

Hey everyone,

My algorithm had a small bug from the start of the year so I probably missed a few signals here and there. Actually it may look like many stocks were sold in the past week. I actually may call a top very soon, but I'll let the algorithm do that for me. It usually posts a "Top" or "Bottom" 2-3 times a year. Last year it did so quite well in February and August if I'm not mistaken.

So here are the newest signals for the upcoming trading session:
Buy Signal for $COH:
As opposed to other retail names, Coach has acted nicely in the last trading sessions. COH closed Friday at $35.54, and it would seem $34.16 is its latest bottom (risk: 3.6%). Its latest top was at about $38.64 (reward: 9%) which makes for a pretty lucrative trade opportunity with a 2.5 risk:reward ratio.



Sell Signals include: $ACN $KSS $LB $M

I would not touch $ACN (last price: $116.30) except maybe sell a position (If I had one), the risk:reward here is not great.

$KSS (last price: $41.43) took a huge blow last week, and its technical chart seems pretty broken. It could go either way. would not touch it as well.

$LB (last price: $61.23) has had a pretty lousy 2016, and 2017 doesn't seem all that better as the stock is nearing its 52-week low of $60.
It could definitely go lower from here, but again, the risk:reward ratio is not much promising.

$M (last price: $30.82) joined the major retail names in dropping last week as Amazon ($AMZN) is constantly biting from their market share. It could go lower here, but you must account for a possible pullback to the upside before another dive is due.

To see general results of the algorithm click here.
Check out my Essential Reading List here (I may receive some compensation if you purchase anything on Amazon following my links)

TK

Full Disclosure: Nothing on this site should ever be considered to be advice, research or an invitation to buy or sell any securities, please see my About page for a full disclaimer.

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