During the Lightning Round segment of Mad Money Monday evening one caller asked host Jim Cramer about Berry Global (BERY) . "This is a very good company," said Cramer about the provider of value-added plastic consumer packaging, non-woven specialty materials and engineered materials.
Let's check out the charts.
In the daily bar chart of BERY, below, we can see that the shares have trended higher the past 12 months. Prices are currently testing the underside of the rising 50-day moving average line. The rising 200-day moving average line intersects down in the $57.50 area and was successfully tested in late January.
The On-Balance-Volume (OBV) line has moved up and down with the price action and shows a slight positive trend. The Moving Average Convergence Divergence (MACD) oscillator is poised for an upside crossover and cover shorts buy signal.