COHU is down today, right out of the "gate" this morning. Now trading down at the bottom of the SOXM, around -9 percent. Lot of manipulation going on probably. The big reaction today is due to a downgrade by Sidoti. COHU has only 3 analysts following the stock, so if one of them makes a change it is a "big deal".
However, notice the above downgrade came out today. But let's look at what happened yesterday according to one news bite.(Bolding mine)
Cohu (COHU) Stock: Moving Average Crossover Alert - Tale of the Tape
7:19 am ET June 4, 2015
Cohu, Inc. ( COHU) may be a solid choice for technical investors, as the firm saw some good news with its moving average crossover. COHU just saw its 50 Day Moving Average break out above its 200 Day Simple Moving Average, meaning that there could be some short-term bullishness for the stock.You could definitely argue that this has already started to take place, as shares of COHU have jumped by 21.9% in the trailing 4 weeks. If that wasn’t enough, the company currently possesses a Zacks Rank #1 (Strong Buy), so it could have more room to run in the weeks ahead too.
More bullishness may especially be the case when investors consider what has been happening for COHU on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 1 higher, while the consensus estimate has also moved higher too.
So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.
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