On Holding AG (ONON) is a holding company and through its subsidiaries, provides footwear and sports apparel products. The company is up sharply today on the heels of a better than expected earnings report with strong sales and margin expansion.
Let's check out the charts and indicators.
In this daily bar chart of ONON, below, I can see that prices have gapped sharply higher Tuesday. Prices made a new high for the move up and have broken above highs going back to August. Trading volume is heavy.
The daily On-Balance-Volume (OBV) line has shot higher telling me that traders are being more aggressive buyers. The Moving Average Convergence Divergence (MACD) oscillator is turning upwards to a new outright buy signal.