Semiconductor Stock Bounce
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Semiconductor Stock Ready to Bounce Off Bullish Trendline
Schaeffers Investment Research· 2025-10-17 18:14
Semiconductor equipment stock Credo Technology Group (NASDAQ:CRDO) has pulled back to its 50-day moving average, a trendline that historically has yielded bullish returns. This current pullback also coincides with support at $138 that has held up in recent weeks. Shorts may be in covering mode, but with 4.8% of the stock’s total available float sold short, there’s still some contrarian potential. There could be an unwind in the options pits too, per CRDO’s Schaeffer's put/call open interest ratio (SOIR) of ...