Flir Systems Inc. (FLIR) soared Monday on a weekend Reuters report "that Amazon (AMZN) is using thermal cameras in its warehouses and Whole Foods locations to accelerate screening for employees who may have contracted coronavirus." While it isn't yet clear that the equipment was made by Flir Systems the stock is up sharply because the company makes "thermal imaging, visible-light imaging, video analytics, measurement and diagnostic, and advanced threat detection systems."
Wall Street loves a good story but let's check out the charts and indicators.
In the daily bar chart of FLIR, below, we can see that prices have popped higher off a very short base pattern. FLIR is close to a test of the underside of the declining 50-day moving average line. The 200-day moving average line is bearish and intersects up around $49.
The On-Balance-Volume (OBV) line is up from its March low but is lagging when compared to the price action. The Moving Average Convergence Divergence (MACD) oscillator is pointed up toward the zero line but has a ways to go till it can cross the line.