There has been some speculation recently about Sonos Inc. (SONO) being a potential acquisition candidate. I have no knowledge of anything like that, but let's check out the charts and indicators of this audio product specialist that is a leader in the "stay at home" economy.
In the daily bar chart of SONO, below, we can see that prices have pushed not quite halfway into the $13-$16 resistance zone from August to February. An old "rule of thumb" from a very successful trader (Amos Hofstetter) notes that when a stock pushes more than halfway through a potential resistance zone (or support area) it is likely to go all the way through. The slope of the 50-day moving average line is bullish and the 200-day line is bottoming.
The On-Balance-Volume (OBV) line has been strong from the middle of March and is close to making a new high for the move up. The Moving Average Convergence Divergence (MACD) oscillator has been bullish since early last month.