Bearish MACD for Coherent, Inc.

Zacks

Coherent, Inc.’s (COHR) MACD indicator has moved into bearish territory with a reading of –0.5978. The Zacks #5 Rank (“Strong Sell”) stock decreased more than 8.55% to $41.74 in morning trade. The Zacks Consensus Estimate on the company’s earnings for the year ending September 2013 has decreased by 21 cents over the past two months to $3.50 per share.

 

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