Crown Holdings Inc. (CCK) was mentioned during the fast paced Lightning Round of Jim Cramer's Mad Money program. The Philadelphia-based company manufactures packaging products like aluminum food-and-beverage containers and aerosol cans and Jim liked the company. Let's go across the Delaware and check the charts and indicators.
In this daily bar chart of CCK, below, we can see a potential reversal pattern on the chart. Prices declined from $60 and when they got to the $42-$40 area the direction shifted to sideways from down. Prices have crossed above the declining 200-day moving average line and have crisscrossed the rising 50-day average line. The daily On-Balance-Volume (OBV) line turns up in August and makes another low with prices in late October. The daily Moving Average Convergence Divergence (MACD) oscillator crosses to a cover shorts buy signal in August and again in November. A move above the zero line will be a more positive signal.
In this weekly bar chart of CCK, below, we can see the potential double bottom pattern with prices testing the declining 40-week moving average line. The weekly OBV line is now showing a slightly higher low and the MACD oscillator is moving up towards the zero line.
In this Point and Figure chart of CCK, below, we can see the twin lows in price in the low $40's. A trade above $50.01 will be a bullish breakout should it occur.

Bottom line strategy: CCK could be reversing from down to up but regular readers of Kamich's Korner know I prefer to buy strength. Traders could go long CCK on a close above $50 with increased volume. A rally to $60 could then be possible. Use a reasonable stop.