SMH Powers to $365.86 on Strong EMA Stack
BullishCompagnie Generale des Etablissements Michelin SCA (SMH) closed up 0.47% at $365.86 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($359.74) with a bullish stack. The 21-day EMA at $357.59 provides support.
Momentum
RSI at 61.6 is in neutral territory but trending higher. MACD is bullish (3.03 vs signal 2.69).