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Poor Earnings Crush $COHR But Pro Investors See This Buy Level

Shares of Coherent, Inc.(NASDAQ:COHR) tanked on earnings, falling 22% by lunch. Investors are running for the exits but smart traders who were on the sidelines are scoping out buy levels. There first swing trade buy level is at the daily 200 moving average at $188.00. The second buy level, which is more of a long term investment spot is at $161.50 and is found by noting the major gap fill level there. This is an epic decline but bounces will come at key technical chart levels. Heads up and be ready to profit.

 

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