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The New #170 Most Shorted S&P 500 Component: Cooper Companies
Tuesday, January 29, 11:22 AM ET, by Market News Video Staff

The most recent short interest data has been released for the 01/15/2019 settlement date, and ...

Cooper Companies Moves Up In Analyst Rankings, Passing Air Products & Chemicals
Friday, February 8, 11:50 AM ET, by Market News Video Staff

In a study of analyst recommendations at the major brokerages, for the underlying components of ...

Cooper Companies Becomes #148 Most Shorted S&P 500 Component, Replacing Alaska Air Group
Tuesday, February 12, 3:43 PM ET, by Market News Video Staff

The most recent short interest data has been released for the 01/31/2019 settlement date, and ...

April 18th Options Now Available For Cooper Companies
Tuesday, February 19, 11:13 AM ET, by Market News Video Staff

Investors in Cooper Companies, Inc. (COO) saw new options become available today, for the April ...

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Thursday, February 28, 11:15 AM ET, by Market News Video Staff

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Cooper Companies Becomes Oversold (COO)

By Market News Video Staff, Wednesday, October 2, 4:32 PM ET
Play Video: Learn About The RSI

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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Wednesday, shares of Cooper Companies, Inc. (NYSE:COO) entered into oversold territory, hitting an RSI reading of 29.9, after changing hands as low as $286.96 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 38.0. A bullish investor could look at COO's 29.9 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of COO shares:

Cooper Companies, Inc.  1 Year Performance Chart

Looking at the chart above, COO's low point in its 52 week range is $228.65 per share, with $344.3184 as the 52 week high point — that compares with a last trade of $288.93. Find out what 9 other oversold stocks you need to know about »

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