JAZZ Breaks Out at $170.48 as Moving Averages Align

Jazz Pharmaceuticals PLC (JAZZ) closed down 0.19% at $170.48 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($168.92) with a bullish stack. The 21-day EMA at $166.03 provides support.
• Momentum: RSI at 53.1 is in neutral territory but trending higher. MACD is bearish (3.04 vs signal 3.72).
• Volatility: Stock has been in a TTM Squeeze for 3 days, indicating compressed volatility and potential for a significant move.

While the trend remains bullish, weakening MACD warrants caution for new entries at current levels.

Key levels to watch: Support at $162.15, Resistance at $174.37.