During the "Lightning Round" segment of Mad Money, Jim Cramer takes caller's questions about stocks in rapid-fire succession. It's a viewer favorite. On Thursday evening one caller asked about NextEra Energy (NEE) : "I like that one, along with Consolidated Edison (ED) and American Electric Power (AEP) ," replied Cramer.
Let's check out the charts of NEE.
In this daily bar chart of NEE, below, we can see that prices have recovered from their February to late March decline. NEE is an uptrend and testing the rising 50-day moving average line. The 200-day moving average line has a positive slope too.
The On-Balance-Volume (OBV) line has improved slightly from its March low and has drifted slightly lower from late July as prices have traded sideways.
The Moving Average Convergence Divergence (MACD) oscillator is close to the zero line but looks like it can or could turn higher from here.
In this weekly bar chart of NEE, below, we can see a mostly positive picture. Prices are in an uptrend over the past three years and are above the rising 40-week moving average line.
Prices have made a new high for the move up but the weekly OBV line is still below its March high generating a bearish divergence as this indicator is not confirming the price high.
The MACD oscillator is also diverging from the price action as it made a lower high when prices made a higher high. The MACD oscillator has narrowed and could cross to the downside in the weeks ahead.