Cost of spread is $4.75 300/280 Exp Oct 18
Cost of spread is actually decent for the price.
Max loss is going to be $330 max gain is $1000
Earnings were poor so its been falling its consolidating at a lower point perhaps to move lower.
COO has been on the up and up consistently for te past few years, following a broadly exponential growth since 2016. The channel (on log scale chart) indicates COO @$360 by year's end, up around 10% from today. An opportunity to buy.
Obviously, no exponential growth can continue indefinitely, but I'd like to hear about reasons why would falter these next 6...
another bullish one, nearly 3% off last ATH, could ER pump it through ATH again? (possible breakout of trendline?) of are we droppin to last support, -5%?
Was watching it for a while and a little late to the post, but it broke out with strong volume and momentum and today we saw it reach 260 before turning down harshly and closing at its open. Could continue higher with the market.
COO formed a double top in the weekly frame, and it has broken down all the MA lines. EMA lines crossed to the down side & moneyflow is deep in the negative side.
We think it can decline all the way down to 120 area
On the option side we would consider $170 May Puts
You can check our detailed analysis on COO in the trading room/ Executive summary link...
Industry:Medical Equipment, Supplies & Distribution
Employees:12000
The Cooper Companies, Inc. is a global medical device company. The Company operates through two business units: CooperVision, Inc. and CooperSurgical, Inc. CooperVision offers soft contact lenses for the vision correction market. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses. CooperVision services three primary regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific. CooperVision offers spherical, aspherical, toric, multifocal and toric multifocal lens products in various modalities. CooperVision's products are primarily manufactured at its facilities located in the United Kingdom, Puerto Rico, Hungary, Costa Rica and New York. CooperSurgical offers an array of products and services focused on advancing the health of families through a portfolio of products and services focusing on women's health, fertility and diagnostics.
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COO
