"I'm sticking by this one. This is a great story," said Cramer.
Let's check out the charts and indicators to see what guidance they can offer traders.
In this daily bar chart of NSP, below, we can see that prices tested the rising 200-day moving average line several times last month. NSP has moved back above the bottoming 50-day moving average line. Trading volume is relatively light, but the daily On-Balance-Volume (OBV) line shows an overall positive pattern from December. The Moving Average Convergence Divergence (MACD) oscillator just moved back above the zero-line for an outright go-long signal.
In this weekly bar chart of NSP, below, we can see a base pattern or consolidation pattern back in the second half of 2016 to around the middle of 2017. Prices traded around the $40 and from that base we see prices triple to the $120 area. A rally to the $160 area would be a four-fold increase. Prices are above the cresting/flattening 40-week moving average line. The weekly OBV line has been positive/constructive from the middle of 2017 and is close to making a new high for the move up. In the lower panel is the MACD oscillator which is above the zero line and narrowing towards a fresh outright go long signal.
In this Point and Figure chart of NSP, below, we can see an upside price target around $144. A trade at $132.61 will be a fresh upside breakout. A decline to $110.87 will be a bearish breakdown.
Bottom line strategy: aggressive traders could go long on NSP at current levels and on strength above $130, risking a close below $110. The $144 area is our upside price target or objective.