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Bull Signal Flashing For Struggling Footwear Name
Forbes· 2025-07-25 02:55
Swiss footwear name On Holding (ONON) is down 3.2% this afternoon to trade at $49.94, as the equity continues its volatile week on the charts. Since mid-June, all breakout attempts by ONON have been capped at $55, pressuring the stock to a now 8.5% year-to-date deficit. However, this underperformance may have an expiration date if the past is any indication.Per Schaeffer’s Senior Quantitative Analyst Rocky White, ONON has come within one standard deviation of the 80-day moving average after spending at leas ...