Technical indicators signal a Bearish Flag forming. Verify the setup on the chart.
Bearish continuation if preceding move was down.
A clear signal has emerged for Cooper Companies (The) (COO) on the daily chart. The stock is trading at $70.17, down 1.76% on the day. Price action has carved out a classic Bearish Flag. Volume is average (0.92x avg) with moderate trend strength (2.2). A potential breakout level is identified at $69.06, targeting $53.08 with support near $72.55 (R:R 4.58).
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