SMH Enters Squeeze Mode at $419.16
Compagnie Generale des Etablissements Michelin SCA (SMH) closed up 1.53% at $419.16 on February 25.
Key indicators suggest a bullish bias:
Momentum
RSI at 61.0 is in neutral territory but trending higher. MACD reads 7.08 against its 6.87 signal line (bullish).
Moving Averages
Price trades above the 9-day EMA ($411.55) with a bullish stack. The 21-day EMA at $405.45 provides support.
Volatility
Stock has been in a TTM Squeeze for 16 days, indicating compressed volatility and potential for a significant move.
Traders are watching $386.72 on the downside and $426.54 on the upside.
