Genpact (G) is not a household name with lots of analysts covering it, but the professional services firm that spun off from General Electric (GE) in 2005 does show a pattern of rising earnings. It's also one of the elite companies with a single-letter ticker symbol.
As Jim Cramer noted in the Lightning Round of "Mad Money" Tuesday night, "They tell a great story."
Let's check out the charts and indicators.
In this daily bar chart of G, below, we can see a sideways to lower pattern of trading into lows in late October and late December. From the late December zenith, prices soar higher without pullbacks or downward corrections. They go from $26 to $37 -- accelerating like an EV vehicle. Prices are above the rising 50-day moving average line as well as the bullish 200-day average line. A bullish golden cross of the 50-day and 200-day lines can be seen at the beginning of March. The Moving Average Convergence Divergence (MACD) oscillator just turned up to a fresh outright buy signal.
In this weekly bar chart of G, below, we can see an overall bullish picture. Prices have rallied the past three years with strong gains this year. G is above the rising 40-week moving average line. The weekly OBV line shows a steady rise to new highs signaling a long period of accumulation (buying). The trend-following MACD oscillator is well above the zero-line, but the two moving averages that make up this indicator have narrowed and could either cross to the downside or turn up again -- it all depends on the price action in the next few weeks.
In this Point and Figure chart of G, below, we can see a potential upside price target of $49 projected. A trade at $37.85 would refresh the uptrend.
Bottom line strategy: the charts and indicators of G show the right stuff. Traders and investors could buy G at current levels or on a shallow dip. Risk a close below $34 and look for the $50 area on the upside.
(Pop quiz: Do you know what single letters of the alphabet are not stock symbols?)