During Monday's "Mad Money," a caller asked about Mettler-Toledo International (MTD) .
"They make great instruments. The stock is always expensive because, they're that good," host Jim Cramer responded.
Let's take a look at the charts of MTD.
In this daily bar chart of MTD, below, we can see a strong uptrend the past 12 months with prices north of $1,000 per share. MTD is trading above the rising 50-day moving average line as well as the rising 200-day line. The trading is pretty active even at this high price tag. The On-Balance-Volume (OBV) line is bullish and its rise helps to confirm the price gains of the past year. The Moving Average Convergence Divergence (MACD) oscillator has stayed above the zero-line for most of the past year.
In this weekly Japanese candlestick chart of MTD, below, we fail to find any recent top reversal patterns. Prices are trading above the rising 40-week moving average line. The weekly OBV line is bullish and so is the MACD oscillator.
In this daily Point and Figure chart of MTD, below, we can see that prices reached and exceeded a $1,470 price target.
In this weekly Point and Figure chart of MTD, below, we used close only price data. Here the software is projecting the $1,889 area as a potential price target.
Bottom line strategy: MTD is clearly in an uptrend. What to risk is the problem for me.
