Cochlear shares are quietly rebounding: Is a bigger rally coming?

Cochlear Ltd (ASX: COH) shares are finally showing signs of life, rising 2% to $129.63 and taking their five-day gain to 6%.

It’s a welcome reprieve after the ASX healthcare stock was hammered 58% over the past 12 months. But with FY26 results due on 18 August, investors aren’t…