FDS Coils in TTM Squeeze at $292.13, Breakout Imminent
NeutralFactset Research Systems Inc (FDS) closed up 0.71% at $292.13 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($289.50) with a bullish stack. The 21-day EMA at $285.65 provides support.
Momentum
RSI at 61.1 is in neutral territory but trending higher. MACD is bullish (3.39 vs signal 3.31).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.