Coach

Coach ( COH) is a marketer of fine accessories and gifts for women and men. Its product offerings include women's and men's bags, accessories, business cases, footwear, wearables, jewelry, sunwear, travel bags, watches and fragrance. This stock is trading up 1% at $51.13 in recent trading.

Today's Volume: 9.47 million

Average Volume: 4.61 million

Volume % Change: 235%

Shares of COH are moving higher today despite a downgrade from ISI Group from buy to neutral.

From a technical perspective, COH is rebounding modestly here right off its recent low of $50.47 with monster upside volume. This stock gapped down huge off its earnings report a few days ago from $61.94 to $50.47 with heavy downside volume. That move has started to push COH into oversold territory, since its current relative strength index reading is 32.68. Oversold can always get more oversold, but if COH can take out its gap down day high of $52.44 with volume, then it could explode higher.

Traders should now look for long-biased trades in COH as long as it's trending above that low of $50.47 and then once it sustains a move or close above $52.44 with volume that hits near or above 4.61 million shares. If that move triggers soon, then COH will set up to re-fill some of that previous gap down zone that started near $62. Some possible upside targets off a move into the gap are $54 to $55.

iRobot

iRobot ( IRBT) develops robotics and artificial intelligence technologies and applies these technologies in producing and marketing robots. This stock is trading up 11.2% at $23.49 in recent trading.

Today's Volume: 627,000

Average Volume: 306,807

Volume % Change: 248%

Shares of IRBT are soaring today after the company said that the RI-VITA Remote Presence Robot has received 510K clearance from the FDA for use in hospitals. The RP-VITA is the first autonomous navigation remote presence robot to receive FDA clearance.

From a technical perspective, IRBT is skyrocketing higher here back above its 200-day moving average of $21.78 with above-average volume. This move is quickly pushing shares of IRBT within range of triggering a near-term breakout trade. That trade will hit if IRBT manages to clear some past overhead resistance at $24.26 with high volume.

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