Danaher (DHR) designs, manufactures and markets professional, medical, industrial, and commercial products and services. DHR posted an earnings beat Thursday and the price gapped higher. Let's check out the charts.
In this daily bar chart of DHR, below, we can see that prices were trading sideways for nearly three months before the upside price gap. Prices were already above the rising 50-day moving average line. DHR rallied Thursday and stopped short of the declining 200-day moving average line.
The daily On-Balance-Volume (OBV) line shows improvement from the middle of June. The trend-following Moving Average Convergence Divergence (MACD) oscillator has just crossed the zero line for an outright buy signal.