Downtrend Intact: TMO Rejected at EMAs, Trades $515.60
Shares of Thermo Fisher Scientific Inc (TMO) declined 0.17% to $515.60 on February 25.
The technical picture is bearish:
Moving Averages
The stock trades below its 9-day EMA ($519.83) with the 21-day ($541.87) acting as overhead resistance.
Momentum
RSI at 31.9 is neutral but improving. MACD reads -22.84 against its -20.92 signal line (bearish).
Volatility
Bollinger Band width at 26.3% indicates normal volatility.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $473.55.
Key levels to watch: Support at $473.55, Resistance at $617.10.
