Beauty products firm Coty Inc. ( COTY) has been rallying on the charts since October. On Monday the stock price surged to a new high for the move up. Let's check and see if this good looking rally can continue for this Action Alerts PLUS portfolio holding.
In this daily bar chart of COTY, below, I can see a bullish setup. Prices are in an upward path and trade above the rising 50-day moving average line. The slope of the 200-day line is also positive.
The On-Balance-Volume (OBV) line shows strength from early November and tells me that buyers of COTY are being more aggressive than sellers. The trend-following Moving Average Convergence Divergence (MACD) oscillator is above the zero line in buy territory. 
In this weekly Japanese candlestick chart of COTY, below, I can see lower shadows on some of the candles in May and June, telling me that traders are rejecting the lows. The most recent candle refreshed the uptrend and no top reversal patterns are visible. The slope of the 40-week moving average line is positive.
The weekly OBV line has moved higher and confirms the price gains. The MACD oscillator is above the zero line and close to turning upwards to a fresh outright buy signal.
In this daily Point and Figure chart of COTY, below, you can clearly see the new high for the move up - look for the number 7 on the chart (this marks the first entry on the chart for the month of July). A price target of $24 is being projected by the website's software.
In this weekly Point and Figure chart of COTY, below, we can see more price history but the same $24 price target.
Bottom line strategy: Traders who are long COTY should continue to hold.
(Coty is a holding in the Action Alerts PLUS member club. Want to be alerted before AAP buys or sells COTY? Learn more now.)
