Beauty Product Parent Ripe For Surge Higher
COTYCoty(COTY) Forbes·2024-02-16 04:28

Beauty product manufacturer Coty (COTY) has struggled to make any lasting progress on the charts, with the equity now just above breakeven year over year. The shares managed to claw their way into a 10% three-month gain, however, and this may be the start of the long-awaited breather COTY has been itching for. In fact, the $11.50 level has acted as a floor on several occasions, while the security comes within one standard deviation of a historically bullish trendline. Per Schaeffer's Senior Quantitative Ana ...