One caller during the Lightning Round segment of the Mad Money program Tuesday evening asked Jim Cramer about Fiverr International Ltd. (FVRR) : "That one has moved too far, too fast," was Cramer's response.
Let's take a look at the charts and indicators of this an online marketplace for selling goods and services.
In the daily Japanese candlestick chart of FVRR, below, we can see that prices have more than doubled since March. Prices look extended above the 50-day moving average line and the 200-day moving average line. Tuesday's candle pattern looks like a spinning top or almost a bearish hanging man pattern. A bearish candle pattern Wednesday is needed for confirmation of a potential reversal. A reversal for Japanese technical analysts is either a turn from up to down OR it can be a turn from up to sideways.
The On-Balance-Volume (OBV) line has moved up strongly with the price action and tells us that buyers of FVRR have been more aggressive. The Moving Average Convergence Divergence (MACD) is pointed up and bullish but we should watch closely for any narrowing of the two moving averages that make up this indicator.