Action Alerts PLUS holding WhiteWave Foods (WWAV) continues to come back from its February low, and a retest of its 2015 highs could be in order soon.
In this daily chart of WWAV, above, we can see prices made a large saucer bottom formation. The On-Balance-Volume (OBV) line turned up from the February low and now tells us buyers of WWAV have been more aggressive. Prices are above the rising 50-day moving average line and above the 200-day average, but it is still declining. Divergences with the momentum indicator are not an issue.
In this weekly chart of WWAV, above, we can see prices are above the flat 40-week moving average line. The OBV line is positive and the MACD is bullish above the zero line.