Coherent (COHR) Recently Broke Out Above the 200-Day Moving Average
erent (COHR) Zacks Investment Research·2024-02-27 23:31
Coherent (COHR) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, COHR crossed above the 200-day moving average, suggesting a long-term bullish trend.The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.Shares ...