During the Lightning Round of Mad Money Monday, Jim Cramer was asked about Ammo, Inc. (POWW) . "There are too many hunting plays. How many guns and ammo stocks can you buy?" replied Cramer about this company that designs and manufactures ammunition products.
Let's check out the charts and indicators of POWW.
In the daily bar chart of POWW, below, we can see that the shares have made higher lows the past 12 months. POWW made a high of $10 in February and we have yet to decisively break above the February zenith to refresh the uptrend. Prices are trading above the rising 200-day moving average line but are testing the 50-day line from below.
The On-Balance-Volume (OBV) line is constructive and the Moving Average Convergence Divergence (MACD) oscillator is just a fraction below the zero line.