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Semiconductor Stock Ready to Bounce Off Bullish Trendline
Schaeffers Investment Researchยท 2025-10-17 18:14
Group 1 - Credo Technology Group (NASDAQ:CRDO) has retraced to its 50-day moving average, a historically bullish trendline, with recent support at $138 [1] - Approximately 4.8% of CRDO's total available float is sold short, indicating potential for contrarian moves, while the Schaeffer's put/call open interest ratio of 1.00 suggests a higher-than-usual put interest among short-term speculators [2] - The Schaeffer's Volatility Scorecard (SVS) for CRDO is 90 out of 100, indicating a strong tendency for larger-than-expected price movements compared to options market pricing, with a recommended January call showing a leverage ratio of 2.9 [3]