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Coherent's (COHR) Shares March Higher, Can It Continue?

By Zacks Investment ResearchStock MarketsMar 01, 2021 07:36AM ET
www.investing.com/analysis/coherents-cohr-shares-march-higher-can-it-continue-200564090
Coherent's (COHR) Shares March Higher, Can It Continue?
By Zacks Investment Research   |  Mar 01, 2021 07:36AM ET
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As of late, it has definitely been a great time to be an investor in Coherent (NASDAQ:COHR), Inc. COHR. The stock has moved higher by 26% in the past month, while it is also above its 20 day SMA too. This combination of strong price performance and favorable technical could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider COHR’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as COHR has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Coherent's (COHR) Shares March Higher, Can It Continue?
 

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Coherent's (COHR) Shares March Higher, Can It Continue?

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