One caller during Friday's Lightning Round segment of Mad Money asked host Jim Cramer about ZIM Integrated Shipping (ZIM) . "I think this stock is overdone. Why not buy Union Pacific (UNP) instead?" was Cramer's response.
Let's check out the charts.
In this daily bar chart of ZIM, below, we see a fairly negative picture with the trading we have so far. Prices are below the declining 20-day and 50-day moving average lines.
The daily On-Balance-Volume (OBV) line is weakening and the Moving Average Convergence Divergence (MACD) oscillator is bearish. Not what we want to see to recommend purchase.