Cooper Cos. (COO) makes contact lenses and sells them globally. A good business as most of us are going blind looking at computer screens and iPhones. And just consider our kids are squinting at ever-smaller screens - we're just oozing generations of future Cooper customers. Add a history of posting stronger next-day upside moves following evening earnings, and we're looking at a long play on the shares today.
COO has recorded an earnings-driven after-hours gain in nine of the last 12 quarters tracked in our MT Pro database. Also, 77.8% of the time (seven out of nine times) the stock followed-through in the same direction by the close of the next day's regular session compared to the Extended Hours "effective close." When it followed-through, the price closed further in the same direction on average by 5.3% (in seven events) from the "effective close."
The combination of a solid long-term widening
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