"This stock is doing well, and it's not done, " said Jim Cramer to one caller asking about Freshpet Inc. (FRPT) during the Lightning Round segment of Mad Money Wednesday night. Let's check out the charts and indicators of this maker of fresh pet food.
In the daily bar chart of FRPT, below, we can see that prices have been in a parabolic-like rise from early August. FRPT is above the rising 50-day moving average line and the bullish 200-day moving average line.
The daily On-Balance-Volume (OBV) line has been strong the past year and is at a new high for the move up to confirm and support the price gains. The Moving Average Convergence Divergence (MACD) oscillator turned bullish at the end of August and it remains bullish today.