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Just noticed CRDO finally broke through that 200-day moving average around $124.49 level. Been watching this one for a while and it's trading near $125 now, up from the $29 range it hit in the past year. Pretty interesting technical setup here.
The thing about Credo is it's already tested the $213 high before, so there's some real range to work with. Current price sitting around $123 area, so we're right at that inflection point. Most of the day it's been slightly down, maybe 0.8% or so, but that breakout above the 200-day is the signal people usually watch for.
I'm keeping an eye on where Credo goes from here. When a stock clears a major moving average like that, it sometimes gets some momentum behind it. Not saying it's a guaranteed move up, but it's definitely worth monitoring if you're tracking this one. Chart looks decent from a technical perspective.