Storage and protection company Iron Mountain ( IRM) has traded sideways to higher the past 12 months, but prices are now at an intersection where prices could rally or turn lower in the weeks ahead. Let's check the charts and determine a strategy as prices are in a touch and go momentum. 
In this daily bar chart of IRM, below, we can see that prices failed to break out above their April highs and are now testing their 50-day and 200-day moving averages. Trading volume has increased in recent days as prices have declined to test the popular moving averages. The On-Balance-Volume (OBV) has stalled at the same level as it did in April at that high. The Moving Average Convergence Divergence (MACD) oscillator is pointing lower but is still above the zero-line.
In this weekly Japanese candlestick chart of IRM, below, we can see that IRM is still in a longer-term uptrend, but two key bearish divergences have surfaced. IRM is trading above the rising 40-week moving average line, but that line is being tested. The weekly OBV line has been stalled all year and is a bearish divergence when compared to the price action. The MACD oscillator has been making lower highs from the middle of last year and is another bearish divergence.
In this daily Point and Figure chart of IRM, below, we can see a potential downside price target in the $47-$45 area.
In this weekly Point and Figure chart of IRM, below, we can see an upside price target in the $75 area. A trade at $50.01 could weaken this chart.
Bottom line strategy: The weekly Point and Figure chart of IRM (above) is bullish, but the other charts are showing downside risk and traders should stand aside for now.
