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Coherent Inc Crosses Above its 10-day MA (COHR)

By Amy Schwartz

Today, shares of Coherent Inc (NASDAQ:COHR) have crossed bullishly above their 10-day moving average of $150.43 on a volume of 128K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Coherent Inc share prices have moved between a 52-week high of $192.37 and a 52-week low of $90.10 and are now trading 68% above that low price at $151.50 per share. The 200-day and 50-day moving averages have moved 0.23% lower and 0.94% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Coherent Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Coherent Inc in search of a potential trend change.

Keywords: moving crosses coherent inc

Ticker(s): COHR