Terex Corp. (TEX) is a manufacturer of lifting and material processing products. The company is scheduled to report their latest quarterly figures after the close of trading on August 1.
Let's check out the charts and indicators and plot a strategy.
In the daily bar chart of TEX, below, I can see that share prices have doubled in the past 12 months. The shares trade above the rising 50-day moving average line and above the rising 200-day line.
The On-Balance-Volume (OBV) line shows strength since October and supports the bull case. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but correcting.