During the rapid-fire Lightning Round segment of Mad Money Wednesday night one caller asked host Jim Cramer about Cloudflare Inc. (NET) . "I like this one and I'll throw in CrowdStrike Holdings Inc. (CRWD) ," replied Cramer.
Let's check out the charts of these two companies.
In the daily bar chart of NET, below, we can see that prices have been trading from October. The retracement in March was relatively brief and did not break the October low. Prices are above the rising 50-day moving average line, which has acted as support on a few occasions. We do not yet have enough price history to calculate the 200-day moving average line.
The On-Balance-Volume (OBV) line has picked up "steam" since February and tells me that buyers of NET have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has been above the zero line for much of this company's history but is currently pointed lower in a take profits mode.