During Thursday's installment of Mad Money host Jim Cramer told viewers he would also buy food delivery giant Domino's Pizza Inc. (DPZ) , which soared 11% Thursday.
Let's go online and order up some charts of DPZ.
In the daily bar chart of DPZ, below, we can see some recent big price swings. DPZ gapped sharply to the upside in February and then slowly filled the gap and more over the next few weeks. DPZ briefly touched the rising 200-day moving average and then rallied again to even cross above the 50-day moving average line.
The movement of the On-Balance-Volume (OBV) line has been positive. The OBV line has been in an uptrend the past year and over the past two months it hardly dipped suggesting that the pullback from the gap up was not heavily sold by investors. The longs stayed with their positions.
The Moving Average Convergence Divergence (MACD) oscillator has crossed to the downside for a take profits sell signal but it looks like it will not generate an outright sell signal by crossing below the zero line.