Let's run through the rest of our favorite stocks to see how they all come together.
In this daily bar chart of IRM, below, we can see how prices made their turnaround in October-December. Prices made a higher low in December than October.
Trading volume was lighter on the December low than the October low but the On-Balance-Volume (OBV) moved higher through that time period.
Now prices are above the rising 50-day moving average line and the rising 200-day line. In early February we can see a bullish golden cross as the 50-day line moved above the 200-day line.
In the past month the price of IRM pulled back but the OBV line was very stable.
The trend-following Moving Average Convergence Divergence (MACD) oscillator is poised to cross to the upside for an outright buy signal.
In this weekly bar chart of IRM, below, we can see a positive set-up. Prices are above the rising 40-week moving average line.
The weekly OBV line is bullish and the MACD oscillator is above the zero line in a buy mode.
In this Point and Figure of IRM, below, we can see an upside price target of $49.20.
Bottom line strategy: From a technical perspective IRM looks attractive. Aggressive traders could go long IRM with a sell stop below $34 looking for gains to the upper $40s.