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Cooper Cos Inc Rises 1.45% on Heavy Volume: Watch For Potential Pullback

By Amy Schwartz

Cooper Cos Inc (NYSE:COO) traded in a range yesterday that spanned from a low of $300.74 to a high of $304.02. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $302.35 on volume of 129,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that its subscribers protect gains by selling shares of Cooper Cos Inc on August 6th, 2019 by issuing a Downtrend alert when the shares were trading at $325.92. Since that call, shares of Cooper Cos Inc have fallen 8.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Cooper Cos Inc share prices have moved between a 52-week high of $344.32 and a 52-week low of $228.65 and are now trading 33% above that low price at $303.40 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.6%.

Keywords: rebounders cooper cos inc

Ticker(s): COO