Investors tired of the daily gyrations of the trade wars need to consider investing in long-term secular growth themes like the humanization of pets, Jim Cramer told viewers of " Mad Money" on Monday night. Stocks such as IDEXX Laboratories Inc. ( IDXX) and Zoetis Inc. ( ZTS) are up 340% and 259% respectively over the past four years and show no signs of slowing. Let's check out the charts of these two companies.
In this daily bar chart of IDXX, below, we can see a positive-looking set of indicators. Prices have been testing and crossing above and below the rising 50-day moving average line this month. The On-Balance-Volume (OBV) line has been positive since December and has confirmed the price action. The Moving Average Convergence Divergence (MACD) oscillator has been above the zero-line since late January and has recently been hugging the zero-line as prices have corrected sideways.
In this Point and Figure chart of IDXX, below, we can see an upside price projection of $324.
In this daily bar chart of ZTS, below, we can see a bullish set-up. Prices are above the rising 50-day and 200-day moving average lines. The rising OBV line is bullish as it tells us that buyers of ZTS have been more aggressive. The MACD oscillator has been above zero for much of the year telling us that the uptrend is fairly strong.
In this Point and Figure chart of ZTS, below, we can see a clear uptrend. Prices are extended above a price target, but there is no sign of distribution, or selling.
Bottom line strategy: It looks like both IDXX and ZTS can make further gains.
