Chemical giant DuPont (DD) reported earnings Tuesday morning and the stock is trading higher as the company beat estimates and raised its dividend to shareholders. Let's check out the charts to see if this will be sustainable price strength.
In this daily bar chart of DD, below, we can see that the shares have had some choppy price movement the past three months. Prices just now rallied above the 50-day and 200-day moving averages.
The On-Balance-Volume (OBV) line shows improvement from September but weakness from January. The Moving Average Convergence Divergence (MACD) oscillator is bearish.