During Thursday's Mad Money program Jim Cramer pointed out a number of stocks that could benefit from a stay-at-home economy such as Amazon.com Inc. (AMZN) . Let's check out the charts and indicators of the company that millions are using as they spend the foreseeable future at home.
In the daily bar chart of AMZN, below, we can see a wide trading range market with declines to the $1,650-$1,600 area being bought. Rallies to around $2,000 were sold except for the upside breakout in February.
The indicators have been whipsawed with prices crossing above the 50-day moving average line and the 200-day moving average line before falling back below them. AMZN is moving back above those indicators again.
The On-Balance-Volume (OBV) looks like it is just following the price action -- up and down. The Moving Average Convergence Divergence (MACD) oscillator is crossing to the upside for a cover shorts buy signal.