During earnings season Jim Cramer typically devotes part of his Mad Money program on Friday to outline some key companies that are scheduled to report earnings. Cramer was bullish on this Wednesday's earnings from Air Products and Chemicals (APD) .
Let's check out the charts and indicators.
In this daily bar chart of APD, below, we can see that prices have rallied sharply so far this month. Prices have broken out over the September highs today. ADP is trading above the rising 50-day moving average line and the rising 200-day moving average line.
The On-Balance-Volume (OBV) line shows the start of a fresh uptrend from late October telling us that buyers of APD have become aggressive again.
The Moving Average Convergence Divergence (MACD) oscillator has crossed to the upside from below the zero line for a cover shorts buy signal. An outright buy signal is due very soon.