• Return to Headlines

Cooper Cos Bearish Moving Average Crossover Alert (COO)

By Amy Schwartz

Today, shares of Cooper Cos (NYSE:COO) have fallen below their 10-day MA of $233.16 on a volume of 218K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Cooper Cos share prices have been bracketed by a low of $119.28 and a high of $243.89 and are now at $231.76, 94% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Cooper Cos on December 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $171.90. Since that recommendation, shares of Cooper Cos have risen 38.1%. We continue to monitor COO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cooper cos

Ticker(s): COO