Volatility Contraction Sets Up HELE Move Near $21.14
NeutralHelen of Troy Ltd (HELE) closed up 3.48% at $21.14 on December 27.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($20.51) with a bullish stack. The 21-day EMA at $20.29 provides support.
Momentum
RSI at 63.5 is in neutral territory but trending higher. MACD is bullish (0.18 vs signal 0.15).
Volatility
Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $19.09, Resistance at $21.84.