In Jim Cramer's recent Real Money column "This Is a Brave New Economy We're In" he noted that investors have been buoyed by stimulus checks, which have been flowing into companies like AutoZone (AZO) and Burlington Stores (BURL) .
Let's check and see what is happening with Burlington.
In the daily bar chart of BURL, below, we can see that share prices were more than cut in half but they have made an amazing recovery since the middle of March. BURL is back above the rising 200-day moving average line as well as the rising 50-day moving average line.
The trading volume has been active since early March and the On-Balance-Volume (OBV) line has strengthened since the middle of March and now stands at a new high for the move up. This strength in the OBV line tells us that buyers of BURL have been more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator is above the zero line and pointed upward in bull alignment.


