Domino's Pizza Inc. (DPZ) has been an amazing performer on the charts the past year and longer. Prices gapped sharply higher in February when the broad market started to deal with the fall out from the coronavirus.
Let's call in an order for a pick up of some charts and indicators before earnings are released on Thursday.
In the daily bar chart of DPZ, below, we can see the price action of the last 12 months. We can see the big upside gap mentioned above and then the retracement to the rising 200-day moving average line in March. Prices have rebounded strongly from their March low and are now in position for a big upside breakout. The slopes of both the 50-day and the 200-day moving averages are positive.
The daily On-Balance-Volume (OBV) line shows only a small decline in March and it is right back near its all time high. A new high on the OBV line would be a strong bullish signal for traders.