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Recent 52-Week High Exceeded in Shares of Cooper Cos Inc (COO)

By David Diaz

Cooper Cos Inc (NYSE:COO) traded at a new 52-week high today of $333.50. Approximately 52,000 shares have changed hands today, as compared to an average 30-day volume of 270,000 shares.

The Cooper Companies, Inc. through its subsidiaries, develops, manufactures, and markets specialty healthcare products. The Company's products include contact lenses for the vision care market and diagnostic products, surgical instruments, and accessories for gynecologists and obstetricians.

Cooper Cos Inc (NYSE:COO) defies analysts with a current price ($332.80) 19.4% above its average consensus price target of $268.08. The stock should find initial support at its 50-day moving average (MA) of $297.48 and further support at its 200-day MA of $276.38.

Over the past year, Cooper Cos Inc has traded in a range of $228.65 to $333.50 and is now at $332.80, 46% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Cooper Cos Inc on June 3rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $300.36. Since that recommendation, shares of Cooper Cos Inc have risen 10.4%. We continue to monitor COO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows cooper cos inc

Ticker(s): COO