Volatility Contraction Sets Up RGEN Move Near $166.21
NeutralRepligen Corp (RGEN) closed up 0.34% at $166.21 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($163.63) with a bullish stack. The 21-day EMA at $161.44 provides support.
Momentum
RSI at 61.7 is in neutral territory but trending higher. MACD is bullish (1.78 vs signal 1.61).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.