Hammer Candlestick Patterns Oct 16 2015

The Hammer is a bullish reversal pattern that forms after a decline. In addition to a potential trend reversal, hammers can mark bottoms or support levels. The low of the long lower shadow implies that sellers drove prices lower during the session. However, the strong finish indicates that buyers regained their footing to end the session on a strong note.

Coach Inc (COH)

Stock Price Quote as of Fri, Oct 16th, 2015
High 29.89 Low 28.85
43.87 52Wk High
(-32.32%)Since 03/02/15
27.22 52Wk Low
(+9.07%)Since 09/29/15
Open 29.83 Prev Close 29.86
Volume 7,854,833 Avg Volume 3,467,245
EPS 1.92 Div & Yield $1.35 (4.39%)
P/E Ratio 16.03 Market Cap $8.20 B
Weighted Alpha -20.10 Standard Dev -0.27

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