SMH Breaks Out at $365.86 as Moving Averages Align

Compagnie Generale des Etablissements Michelin SCA (SMH) closed up 0.47% at $365.86 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($359.74) with a bullish stack. The 21-day EMA at $357.86 provides support.
• Momentum: RSI at 60.0 is in neutral territory but trending higher. MACD is bullish (3.07 vs signal 2.74).
• Volatility: Bollinger Band width at 9.4% indicates low volatility.

Key levels to watch: Support at $342.65, Resistance at $376.57.