Life sciences company Danaher Corp (DHR) posted a fourth quarter earnings beat Tuesday morning but the stock is under selling pressure. Let's check the charts and indicators.
In this daily bar chart of DHR, below, I see a wide-ranging sideways trend the past 12 months. Prices have crossed above and below the 50-day and 200-day moving average lines a number of times. DHR is currently testing the 50-day and 200-day average lines.
The daily On-Balance-Volume (OBV) line has moved sideways since June. The trend-following Moving Average Convergence Divergence (MACD) oscillator has moved above and below the zero line for the past year.