Cooper Companies is a medical device company. Co.'s business units are CooperVision and CooperSurgical. CooperVision develops, manufactures and markets a range of contact lenses. CooperVision designs its products for astigmatism, presbyopia, myopia, ocular dryness and eye fatigues, with a collection of spherical, toric and multifocal contact lenses. CooperVision also has access to myopia management and specialty eye care markets with other products, such as orthokeratology and scleral lenses. CooperSurgical focuses on improving the health of women, babies and families through a portfolio of products and services including medical devices, fertility, diagnostics and contraception.
When researching a stock like Cooper Companies, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from COO Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for COO stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the COO 200 day moving average ("COO 200 DMA"), while one of the most popular "shorter look-backs" is the COO 50 day moving average ("COO 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Cooper Companies. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the COO 200 DMA and the COO 50 DMA, we get a moving average convergence divergence indicator ("COO MACD"). The COO MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis