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Cooper Cos Inc Falls 7.91% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Cooper Cos Inc (NYSE:COO) traded in a range yesterday that spanned from a low of $254.54 to a high of $271.78. Yesterday, the shares fell 7.9%, which took the trading range below the 3-day low of $264.78 on volume of 231,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Cooper Cos Inc on November 1st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $260.93. Since that recommendation, shares of Cooper Cos Inc have risen 6.2%. We continue to monitor COO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Cooper Cos Inc have traded between a low of $216.47 and a high of $283.18 and are now at $255.11, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.29% higher and 0.17% higher over the past week, respectively.

Keywords: rebounders cooper cos inc

Ticker(s): COO