The Chart of the Day belongs to Cooper Companies (COO). I found the stock by sorting the All Time High list for new high frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 6/6 the stock gained 20.64%.
COO through its principal subsidiaries, develops, manufactures and markets healthcare products. CooperVision markets a range of contact lenses to correct visual defects, specializing in toric lenses that correct astigmatism. The company also markets conventional toric and spherical lenses and lenses for patients with more complex vision disorders. CooperSurgical markets diagnostic products, surgical instruments and accessories to the women's healthcare market.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read.
Barchart technical indicators:
- 96% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 11 new highs and up 18.70% in the last month
- Relative Strength Index 72.51%
- Barchart computes a technical support level at 157.92
- Recently traded at 160.88 with a 50 day moving average of 141.45
Fundamental factors:
- Market Cap $7.70 billion
- P/E 25.35
- Dividend yield .04%
- Revenue expected to grow 7.70% this year and another 7.90% next year
- Earnings estimated to increase 15.60% this year, an additional 13.10% next year and continue to increase at an annual rate of 15.50% for the next 5 years
- Wall Street analysts issued 5 strong buy, 3 buy and 4 hold reports on the stock
Hitting All Time new highs in spite of a soft market, Use the 50 and 100 day moving averages as your guide.