The Lightning Round segment of Mad Money is very popular with viewers. This is when lucky callers get to quiz host Jim Cramer about stocks that they are interested in. One caller Monday evening asked about XPO Logistics (XPO) . "You want to buy this one. The last quarter was terrific," responded Cramer.
Let's check out the charts.
In the daily bar chart of XPO, below, we can see that the shares have been trading sideways for nearly three months now. The shares are trading below the cresting 50-day moving average line. The slower-to-react 200-day moving average line shows a positive slope and intersects down around $95.
The On-Balance-Volume (OBV) line bottomed in March and made a nice advance but like the price action the OBV line has moved sideways the past three months. The Moving Average Convergence Divergence (MACD) oscillator has been hugging the zero line recently telling us there is little in the way of trend strength.