The Cooper Companies, Inc. (COO)

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Stock Price History

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Our View

The Cooper Companies is a medical device company that makes medical devices, genomic & fertility products, and contact lenses. Cooper is the second-largest company in the contact lens market. The company is well-established in its niche and has a global presence across three continents. Given its strong position in the industry, Cooper is poised to grow in the long run.

The long-term chart for Cooper Companies shows a strong and consistent uptrend. There have been a few pullbacks along the way, the most significant one happening in March 2020. It was the only time when the price broke the bottom of the long-term trend. Otherwise, the price has respected the bottom trend line for a decade. In more recent times, the $365 level has become an important area of value as it acted as a resistance in March 2020 and then as support in June 2021. The price in July 2021 peaked at $463 before pulling back and finding support at the $365 level. A reversal is likely, and a long position is, therefore, recommended. The target price is $463, and a stop loss can be placed below the bottom trend line at $347.

Position entered into our long-term tracking portfolio today. The entry point is at $413.46, and stop-loss is $357.45, which is 14%% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $454.82, giving a profit of 10%.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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