Shares of DXC Technology (DXC) have soared sharply higher in recent days. The company helps global firms run their mission-critical systems and operations while modernizing IT and optimizing data architectures -- cutting-edge stuff.
Let's check out the charts to come up with a trading strategy.
In the daily bar chart of DXC, below, we can see that the shares have shot dramatically higher this month crossing above the 50-day moving average line and the 200-day moving average line. Trading volume shows an increase so far this calendar year. The daily On-Balance-Volume (OBV) line shows a fresh rise from early March signaling a turn towards more aggressive buying by traders.
The Moving Average Convergence Divergence (MACD) oscillator is about to cross above the zero line for a new outright buy signal.