When we reviewed the charts and indicators of Accenture ( ACN) back on June 21 we wrote that "Aggressive traders could probe the long side of ACN at current levels risking to $269 for now. Add on strength above $290. The $421 area is our price target." Now that prices are close to our $421 target thanks to an earnings beat, let's check on the indicators again.
In the daily bar chart of ACN, below, we can see that the shares gapped higher Thursday and reached the $413 area. Prices are well above the rising 50-day and the bullish 200-day moving average lines. Trading volume looks like it has been increasing since September and that is a good sign for old-time chart watchers who like to see volume expand in the direction of the market.
The daily On-Balance-Volume (OBV) is pointed up and tells us that buyers of ACN are being more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line. 
In this weekly Japanese candlestick chart of ACN, below, we can see a longer-term bullish picture. Prices are in a steady uptrend above the rising 40-week moving average line.
The weekly OBV line is bullish and so is the MACD oscillator.
In this daily Point and Figure chart of ACN, below, we can see a new price target in the $492 area.
In this weekly Point and Figure chart of ACN, below, we used close-only price data and a five-box reversal filter. Here, it is projecting the $595 area as a possible price target.
Bottom-line strategy: Traders who are long ACN should raise stop protection to $360 from $269. Our price targets are $421 and then $492 now.
