Shares of Wabash National Corp. (industrial manufacturing firm) (WNC) look like they are very close to giving a buy signal on the long-term MACD indicator. Long-term charts are so useful when either investing for the long term or when stocks become either overbought or oversold. In fact, the purpose of the long-term chart, in our opinion, is to compress price action is such a way to enable much longer time durations to be studied.
As we can see from Wabash's long-term chart below, shares collapsed in the great recession in 2009 before entering a long-bull