Everybody love a bargain or cheap sale. But in the stock market, are cheap stocks really cheap as they make out to be ? Read the article and judge for yourself.
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One of the best ways to build your wealth over time is to invest. In fact, without it, most ordinary folks can’t build a nest egg large enough to see them through retirement.
There is no denying that the leading handbag and accessories retailer Coach Inc (NYSE:COH) stock price is in a confirmed downtrend on the charts. This stock peaked out in March 2012 at $79.70 a share and has been sliding lower ever since that top was made. Today, Coach Inc stock is trading lower by 0.93 cents to $39.10 a share. This stock is getting very oversold according to the charts in the near term. Swing traders should now watch for daily and weekly chart support around the $37.50 level. This was an area where Coach Inc stock staged a breakout in 2010. Often, old break-out levels will serve as new support levels when retested, that should be the case with this stock. ...
The individual cyclical bull and cyclical bear waves are easy to identify. And the beauty is (as I mentioned in the last post), you don’t have to predict the changes between cyclical bull and cyclical bears. All you have to do is recognize these changes in the economy’s fundamentals. The market (price) lags the real fundamentals.