National Beverage Corp. (FIZZ) is due to report its latest earnings numbers Thursday. Let's check out the charts and indicators of this manufacturer and distributor of energy and soft drinks.
In this daily bar chart of FIZZ, below, we can see that prices have gotten a dose of carbonation since the low made in March. Prices have more than doubled. FIZZ is trading above the rising 50-day moving average line and above the rising 200-day line. A bullish golden cross buy signal came early in the advance back in the beginning of May.
The On-Balance-Volume (OBV) line is positive and rising and the Moving Average Convergence Divergence (MACD) oscillator is bullish.
In this weekly bar chart of FIZZ, below, we can see that prices made a bottom formation in 2019 and early 2020. Prices have turned to the upside and trade above the rising 40-week moving average line.
The weekly OBV line is moving in the right direction and the MACD oscillator is bullish.
In this daily Point and Figure chart of FIZZ, below, we can see that the software is projecting a potential upside price target of around $134.
Bottom line strategy: FIZZ has rallied strongly the past month leading up to tomorrow's earnings report. I could be wrong but traders seem to be expecting a really strong report and prices could be vulnerable to a pullback if they disappoint. I would be willing to go long FIZZ after a pullback.
