When Cooper ($COO) Moves Investors should Listen

September 06, 2023, 21:30 pm ET, BY Rolland S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for COO

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short COO slightly under 372.96, target n/a, stop loss @ 374.04 Details

The technical summary data is suggesting a short of COO as it gets near 372.96, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 374.04. 372.96 is the first level of resistance above 356.65, and by rule, any test of resistance is a short signal. In this case, if resistance 372.96 is being tested, so a short signal would exist.

Swing Trading Plans for COO

• Buy COO slightly over 361.74, target 372.96, Stop Loss @ 360.7 Details

If 361.74 begins to break higher, the technical summary data tells us to buy COO just slightly over 361.74, with an upside target of 372.96. The data also tells us to set a stop loss @ 360.7 in case the stock turns against the trade. 361.74 is the first level of resistance above 356.65, and by rule, any break above resistance is a buy signal. In this case, 361.74, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short COO slightly near 361.74, target n/a, Stop Loss @ 362.78. Details

The technical summary data is suggesting a short of COO if it tests 361.74 with a downside target of n/a. We should have a stop loss in place at 362.78 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 361.74, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for COO

• Buy COO slightly over 357.45, target 361.74, Stop Loss @ 356.62 Details

If 357.45 begins to break higher, the technical summary data tells us to buy COO just slightly over 357.45, with an upside target of 361.74. The data also tells us to set a stop loss @ 356.62 in case the stock turns against the trade. 357.45 is the first level of resistance above 356.65, and by rule, any break above resistance is a buy signal. In this case, 357.45, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short COO slightly near 357.45, target n/a, Stop Loss @ 358.28. Details

The technical summary data is suggesting a short of COO if it tests 357.45 with a downside target of n/a. We should have a stop loss in place at 358.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 357.45, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Cooper (COO) available here: COO.

COO Ratings for September 06:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	372.96
P2	357.45	361.74	398.72
P3	371.42	375.67	423.70

AI Generated Signals for COO

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How do we know what is going on #behindthescenes of a company?  According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The  Cooper (NYSE: COO) report below is a real world example. Included are trading plans for COO, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.