DuPont (DD) has been working higher on the charts all year. Prices are above the rising 50-day and 200-day simple moving averages and poised for further gains, in my opinion.
Let's scratch below the surface for more signals on when to expect a breakout.
In this daily chart of DD, above, we can see a pattern of higher lows and higher highs until this month. The month isn't over, but so far we have not broken above the August highs. As noted earlier, the moving averages are pointed up, so we consider the trend to be up. The On-Balance-Volume (OBV) line made a low in January and moved up to August. A rising OBV line tells us buyers of DD have been more aggressive than sellers. The line goes up if the volume of shares traded is heavier on up days than down days. The OBV line has turned flat since late August and is not (yet) foreshadowing new price highs. The daily Moving Average Convergence Divergence (MACD) oscillator is above the zero line, giving us an outright go-long signal.
In this weekly chart of DD, above, we can see some chart resistance in the $71 to $76 area. It is not a really big zone of resistance, but it does stand in the way of a big breakout for this stock. Meanwhile, DD is above the rising 40-week moving average line. The weekly OBV line has been neutral for months while the MACD oscillator has been bullish since early March. It looks like the two averages that make up the oscillator are about to cross to a new buy signal. Aggressive traders could go long DD here and they can add to that initial position on strength.