Coherent Corp. COHR Stock & Option Trade Ideas

The analysis of the technical data for COHR indicates a bearish trend:

• MACD (Moving Average Convergence Divergence) is consistently below the Signal Line, indicating a bearish momentum.
• RSI (Relative Strength Index) is showing values below 50, also indicating a bearish sentiment.
• The stock price has been gradually decreasing over the past few weeks.

Based on the bearish trend, potential stock and option trades for COHR could be:

• Stock Trade: Consider short-selling COHR shares to profit from the expected decline in price.
• Option Trade 1 (Bearish Option Strategy): Purchase put options on COHR to capitalize on the anticipated downward movement in the stock price.
• Option Trade 2 (Bear Call Spread): Sell a call option while simultaneously buying a higher-strike call option to limit potential losses while benefiting from a decrease in COHR’s stock price.

It’s important to perform thorough analysis and consider risk management strategies before executing any trade.