Cohu Stock Signals Bullish Shift with Key Technical Breakthrough

Shares of Cohu have demonstrated notable short-term momentum, clearing significant technical barriers in recent sessions. The stock’s performance raises the question of whether this marks the start of a more durable trend reversal.

The equity has advanced in eight of the last ten trading days, posting a two-week gain of approximately 13.7%. On Wednesday, it reached an intraday peak of $25.63 before closing at $25.35. Trading activity supported the move, with volume rising to 386,025 shares.

A pivotal development was the stock’s break above its 200-day moving average. This action has culminated in the formation of a Golden Cross, a chart pattern that occurs when a shorter-term moving average crosses above a Read more...