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After Yesterday's Rally of 1.67% Shares Could Potentially Pullback

By Shiri Gupta

Coherent Inc (NASDAQ:COHR) traded in a range yesterday that spanned from a low of $154.32 to a high of $159.98. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $155.86 on volume of 185,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Coherent Inc share prices have moved between a 52-week high of $173.92 and a 52-week low of $90.10 and are now trading 75% above that low price at $157.45 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.2%.

Keywords: rebounders coherent inc

Ticker(s): COHR