Prices of Brunswick (BC) made a small bottom in January and February this year and rallied, but prices have rolled over the past two months and look like they are headed lower.
In this daily chart of BC, above, we can see that prices are back below the 50- and 200-day moving averages. The On-Balance-Volume (OBV) line peaked again in April and has turned lower, signaling that sellers are more aggressive. Bigger volume on days when BC closes lower is the math behind the indicator. The moving average convergence divergence (MACD) oscillator has signaled two liquidate longs crossovers and now is below the zero line for an outright sell signal.
This weekly chart, above, of BC is toppy-looking. Prices are below the declining 40-week moving average line. The OBV line on this time frame has been neutral for the past year and the MACD oscillator is narrowing toward another sell signal below the zero line. Investors and traders should avoid the long side of BC.