During Tuesday's Lightning Round segment of Mad Money one caller asked Jim Cramer about Dynatrace Inc. (DT) . "I'm going to say yes to that one," said Cramer about the software intelligence company that went public in early August.
Let's check out the charts.
In the daily bar chart of DT, below, we can see that prices made a low in October and a retest or a second bottom in March. DT is back above the 50-day moving average line but its slope is negative.
The daily On-Balance-Volume (OBV) line made a low in March and has been firming the past six or seven weeks telling us that buyers of DT have been more aggressive.
The trend-following Moving Average Convergence Divergence (MACD) oscillator is back above the zero line for an outright go long signal.