Cochlear Limited – Sell Signal

Cochlear is under Algo Engine sell conditions following the lower high formation at $200.

The stock is expensive at almost 40x forward earnings and we see the earnings outlook as overly optimistic.

You're not a member!  Trial today!

Consider COH on the short side and watch the short-term indicators for a reversal lower.


Investor Signals Pty Ltd ABN 44 143 555 453 is a Corporate Authorised Representative CAR No. 439411 of Advisor Plus Pty Ltd AFSL 474520
© 2020 Investor Signals