TMO Enters Squeeze Mode at $580.74
NeutralThermo Fisher Scientific Inc (TMO) closed up 0.28% at $580.74 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($575.24) with a bullish stack. The 21-day EMA at $574.38 provides support.
Momentum
RSI at 55.7 is in neutral territory but trending higher. MACD is bullish (1.39 vs signal 1.17).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.