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Shares of COHR Up 76.3% Since Uptrend Call on Shares

By Shiri Gupta

SmarTrend identified an Uptrend for Coherent (NASDAQ:COHR) on November 4th, 2016 at $116.47. In approximately 6 months, Coherent has returned 76.34% as of today's recent price of $205.38.

Over the past year, Coherent has traded in a range of $52.15 to $208.62 and is now at $205.38, 294% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.6%.

Coherent, Inc. is a global company that manufactures and sells a variety of laser-based photonic products. The Company's products are used in manufacturing and instrumentation applications that include optical telecommunication, semiconductor manufacturing, inspection and test, advance packaging, and reprographics. The electro-optical market consists of Fortune 500 customers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Coherent shares.

Log in and add Coherent (COHR) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights coherent

Ticker(s): COHR