Clorox Inc. (CLX) is due to report its earnings figures Tuesday. Let's check out the charts to see how traders may have positioned themselves.
In the daily bar chart of CLX, below, we can see how prices rallied from support around $144 to the underside of resistance beginning around $162. Prices rallied above the rising 50-day moving average in December and above the bottoming 200-day moving average line in early January.
The On-Balance-Line (OBV) line turned higher in November and tells us that buyers of CLX have been more aggressive. The OBV line has not turned lower as prices declined in late January.
The Moving Average Convergence Divergence (MACD) oscillator moved above the zero line for a buy signal back in December and now crossed to a take profits sell signal. Renewed price gains from here could produce another buy signal in the days ahead.