SAM Coils in TTM Squeeze at $174.86, Breakout Imminent
Boston Beer Company Inc (SAM) traded flat at $174.86 on July 10.
Key indicators suggest a bearish bias:
Moving Averages
Bearish EMA structure persists with price below the 9-day ($179.41) and 21-day ($179.97).
Momentum
RSI at 43.6 is neutral but weakening. MACD is bullish (-1.39 vs signal -1.83).
Volatility
Volatility has been compressing for 5 sessions (TTM Squeeze active), often a precursor to directional moves.
Despite the bearish EMA structure, bullish MACD divergence suggests patient buyers may find opportunity near $171.85.
Watch $171.85 as support and $188.07 as resistance.
