The Cooper Companies is a global medical device company. Co.'s business units are CooperVision and CooperSurgical. CooperVision develops, manufactures and markets a range of single-use, two-week and monthly contact lenses. CooperVision also manufactures and markets myopia management and specialty eyecare products. CooperSurgical's business engages in the general health care market with a focus on improving the health of women, babies and families. Co.'s fertility portfolio includes medical device coverage of the in vitro fertilization cycle, egg and sperm donation, and cryopreservation. Co.'s office and surgical platform includes various medical devices used in gynecology and obstetrics.
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 these ways is called the Relative Strength Index, or RSI. This popular indicator, originally developed in the 1970's by J. Welles Wilder, looks at a 14-day moving average of a stock's gains on its up days, versus its losses on its down days. The resulting COO RSI is a value that measures momentum, oscillating between "oversold" and "overbought" on a scale of zero to 100. A reading below 30 is viewed to be oversold, which a bullish investor could look to as a sign that the selling is in the process of exhausting itself, and look for entry point opportunities. A reading above 70 is viewed to be overbought, which could indicate that a rally in progress is starting to get crowded with buyers. If the rally has been a long one, that could be a sign that a pullback is overdue. |
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Video: RSI Indicator