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 ...
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NYSE:COO
