Cooper Tire & Rubber is a global company with affiliates, subsidiaries and joint ventures that specialize in the design, manufacture, marketing and sales of passenger car and light truck tires. The company also has subsidiaries that specialize in medium truck, motorcycle and racing tires. With headquarters in Findlay, Ohio, the group has manufacturing, sales, distribution, technical and design facilities within its family of companies located in 11 countries around the world. Cooper Tire & Rubber could regain its upward trend after having run out of steam.

According to Surperformance ratings, the group has strong fundamentals, both in terms of business predictability and valuation. Based on current prices, the company is valued at 0.26 times its sales. In addition, analysts have recently revised upward their earnings estimates and now expect a profit of 2.23 USD per share for the current year.

The security is in bullish trend in the medium and long term. In weekly data, moving averages are well-oriented. In the present configuration, the process is very gradual. It could be interesting in the coming sessions. A reversal might happen upon contact with the significant USD 16.1 support.

Investor should take a long position in Cooper Tire & Rubber close to USD 16.1 to take advantage of a new upward acceleration in the direction of USD 17.9. A stop loss is placed under USD 16.