Volatility Contraction Sets Up VRSK Move Near $220.34
NeutralVerisk Analytics Inc (VRSK) closed up 0.69% at $220.34 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($219.08) with a bullish stack. The 21-day EMA at $218.96 provides support.
Momentum
RSI at 48.0 is in neutral territory but trending higher. MACD is bullish (-1.22 vs signal -1.76).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.