In Tuesday's Lightning Round segment of Mad Money one caller asked about Dropbox Inc. (DBX) . Jim Cramer told the caller and viewers that, "I thought they had a good quarter and I'm going to say yes to it." Let's check out the charts to round out the analysis.
In the daily bar chart of DBX, below, we can see that prices have been trading sideways since August in a basing pattern. Trading volume has been increasing since December or around the middle of the pattern. The On-Balance-Volume (OBV) line has been moving higher the past 12 months telling us that buyers of DBX have been more aggressive. DBX is trading above the rising 50-day moving average line and above the bottoming 200-day line.
The Moving Average Convergence Divergence (MACD) oscillator hugged the zero line for several months but has crossed above the zero line and kept going in April.