This week’s Momentum Trader Alert takes you into the medical devices sector.
Founded in 1980, The Cooper Companies, Inc. (COO) is a Pleasanton, California-based multinational medical device company. It has over 8,000 employees and two subsidiaries, CooperVision (CVI), which provides contact lenses, and CooperSurgical (CSI), which provides products for professionals in women’s health care.
The Cooper Companies, Inc. (COO) versus the S&P 500 year to date
Recommendation
Buy The Cooper Companies, Inc. (COO) at market today, and place your stop at $180.00.
I am holding off on recommending options on this position until the stock settles.
Portfolio Update
The Chemours Company (CC) soared 17.53% last week. Raise your stop to $28.00 to lock in some of these big gains.
Sincerely,
Nicholas A. Vardy