Sensient Technologies Corp. (SXT) is a global manufacturer and marketer of colors, flavors, and other specialty ingredients. Let's check out the charts and indicators to get a taste of what's in store for the stock.
In the daily bar chart of SXT, below, I can see some positive technical developments. The shares have been a wide sideways trading range the past year. Prices show improvement from a low in October. SXT trades between and around the 50-day moving average line and the 200-day moving average line.
The trading volume has increased since October and the On-Balance-Volume (OBV) line shows a choppy rise from late October indicating that buyers of SXT have been more aggressive than sellers. The Moving Average Convergence Divergence (MACD) oscillator has been above the zero line since November but has not shown us a sustained move higher.