$COTYShares of Coty rose 4.07% to $8.18 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +1.15% rising 1.15% to 4,357.04 and the Dow Jones Industrial Average DJIA, +1.43% rising 1.43% to 34,326.46.
The stock's rise snapped a three-day losing streak.
Coty closed $2.31 below its 52-week high ($10.49), which the company reached on April 30th.
Coty is giving a textbook style of how previous resistance now acting as support and with a gap to fill on the daily chart it might be something you’ll be interested in.
When we take a look at the indicators you have:
MACD curling
RSI flat
& the 50, 100 & 200 moving averages getting pretty tight here.
Keep your eyes on this one.
- Factor Four
