SMH Rallies to $364.21 on Bullish EMA Alignment
BullishCompagnie Generale des Etablissements Michelin SCA (SMH) closed down 0.46% at $364.21 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($360.59) with a bullish stack. The 21-day EMA at $358.17 provides support.
Momentum
RSI at 59.9 is in neutral territory. MACD is bullish (3.21 vs signal 2.80).
Volatility
Bollinger Band width at 9.3% indicates low volatility.
Key levels to watch: Support at $343.48, Resistance at $376.93.