During Friday's Mad Money program Jim Cramer told viewers his day by day game plan for this week in the markets. He pointed out that on Wednesday we'll hear from Lowe's (LOW) , Target (TGT) and TJX Companies (TJX) , along with Analog Devices (ADI) and Cisco Systems (CSCO) in the tech sector.
Cramer expected all of these results to be spectacular.
Let's check out the charts of CSCO.
In the daily bar chart of CSCO, below, we can see that the shares have been in a rally phase since early November. Prices are trading above the rising 50-day moving average line and the bullish 200-day line.
The On-Balance-Volume (OBV) line shows a positive trend from late October telling us that buyers of CSCO have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has just crossed to the upside for a fresh outright buy signal.