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After Yesterday's Decline of 1.57%, Coherent Inc Offers Investors Better Value

By Shiri Gupta

Coherent Inc (NASDAQ:COHR) traded in a range yesterday that spanned from a low of $124.74 to a high of $126.72. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $127.26 on volume of 93,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Coherent Inc have traded between a low of $90.10 and a high of $192.37 and are now at $125.58, which is 39% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Coherent Inc and will alert subscribers who have COHR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders coherent inc

Ticker(s): COHR