Express Inc. (EXPR) , the fashion-forward apparel brand, reported results for the fiscal quarter ending January 2021 before the market opening Wednesday. In addition to the numbers, the company unveiled a new digital strategy. Let's check on the charts and indicators to see if this current price strength can be sustainable.
In the daily bar chart of EXPR, below, we can see that prices moved like an unknown penny stock until late January when the stock exploded on the upside like that Nicholas Cage movie -- "Gone in 60 Seconds." The rally lasted just a few sessions but the pullback and correction lasted several weeks. The pullback held at the intersection of the rising 50-day moving average line.
The trading volume was absolutely HUGE at the end of January and the On-Balance-Volume (OBV) line moved sharply higher. I find it interesting that the OBV line has been steady/flat during the pullback. Many of the new longs seem to be staying with their positions.
The Moving Average Convergence Divergence (MACD) oscillator hugged the zero line until the January blast off. The oscillator quickly turned bullish and has returned to the zero line. Recently the MACD oscillator turned up to a new buy signal.



