Technical indicators signal a Descending Triangle forming. Verify the setup on the chart.
Bearish continuation pattern.
Sideways movement between parallel supports.
Bearish continuation if preceding move was down.
Market participants tracking Cooper Companies (The) should note the latest formation. Price has moved to $62.83 (1.75%) amidst recent volatility. Algorithmically, a Bearish Flag structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $58.89, targeting $33.56 with support near $63.02 (R:R 6.13).
What is your outlook on COO?