ADT (ADT) has been trading sideways since July. However, the 50-day moving average is trending up and the On-Balance-Volume (OBV) line is improving, so we could soon see ADT break out on the upside.
In this chart of ADT, above, we can see the bottoming process in July, August and September, with the lower lows in price versus the higher lows from the momentum study. In early October, we can see the OBV line turn up. The 50-day moving average and the longer, 200-day average are narrowing, which could generate a golden cross in the days ahead if prices continue to strengthen. A close above $36 will be a breakout on this time frame.
This longer-term chart, above, shows the two-year base around the $30 level for ADT. The OBV line is neutral on this time frame, but the Moving Average Convergence Divergence (MACD) oscillator is pointed up. Prices could soon close above the 40-week moving average. An intermediate-term target for ADT would be the low $40s.