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

By David Diaz

Shares of Cooper Cos Inc (NYSE:COO) traded today at $252.85, breaking its 52-week high. This new high was reached on below average trading volume as 79,000 shares traded hands, while the average 30-day volume is approximately 325,000 shares.

Cooper Cos Inc (NYSE:COO) defies analysts with a current price ($251.35) 5.8% above its average consensus price target of $236.67. The stock should find initial support at its 50-day moving average (MA) of $152.40 and further support at its 200-day MA of $148.20.

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.

Over the past year, Cooper Cos Inc has traded in a range of $158.73 to $252.85 and is now at $251.35, 58% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Cooper Cos Inc 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 Inc have risen 45.6%. 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