Coty - Barchart's Chart of the Day

Coty Inc (COTY) is the Barchart Chart of the Day.  The cosmetic stock has a Trend Spotter buy signal, a Weighted Alpha of 31.90+, gained 23.90% in the last year while paying a 1.01% dividend.

The Chart of the Day belongs to Coty Inc (COTY).  I found the stock by sorting the All Time High list for the stock having the most frequent new highs in the last month then used the Flipchart feature to review the charts.  Since the Trend Spotter signaled a buy on 11/3 the stock gained 17.42%.

Coty Inc. is involved in the manufacturing, marketing and distribution of beauty products. It operates in three segments: Fragrances, Colour Cosmetics and Skin & Body Care. The Company's brand consists of Adidas, Calvin Klein, Chloe, Davidoff, Marc Jacobs, OPI, philosophy, Playboy, Rimmel and Sally Hansen. It sells the products through department stores, specialty retailers, perfumeries and pharmacies, mass-market retailers and duty-free shops in airports and cities and e-commerce channels.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

• 80% Barchart technical buy signals
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 2292% in the last month
• Relative Strength Index 76.37%
• Barchart computes a technical support level at 19.51
• Recently traded at 20.09 with a 50 day moving average of 17.66

Fundamental factors:

• Market Cap $7.13 billion
• P/E 25.83
• Dividend yield 101%
• Revenue expected to be down by .06% this year but grow again by 3.00% next year
• Earnings estimated to increase by 6.20% this year, an additional 11.60% this year and continue to increase at an annual rate of 9.97% for the next 5 years
• Wall Street analysts issued 4 strong buy, 4 by and 6 hold recommendations on the stock

Technical trading strategies have not worked well on this stock so I'd use a 10% moving stop loss on this stock to preserve profits.