During Monday night's Lightning Round segment of Mad Money one caller asked about CarGurus, Inc. (CARG) . "This one is good. This is a good industry," said Jim Cramer. Let's check out the charts of this online car shopping site.
In this second Point and Figure chart of CARG, below, we used weekly close-only data. Here a price target of $63 is being projected.
Bottom-line strategy: Aggressive traders could look to go long CARG on a pullback to around $38 risking below $35 and looking for gains to the low $60s.