The Lightning Round is a popular segment of Jim Cramer's Mad Money program. Callers get to ask Cramer about stocks that they are interested in. Thursday night one called asked about IHS Markit Ltd. (INFO) : "This is a company I've followed forever and I've liked it since it came public," said Cramer.
Let's check out the charts of this data and information services business that caters to industries that include "automotive, energy, financial services, defense and maritime."
In the daily bar chart of INFO, below, we can see a "textbook-like" uptrend the past year. Prices have risen steadily with shallow and short dips along the way. Prices are above the rising 50-day moving average line and the rising 200-day moving average line. A bullish golden cross of these two indicators happened way back in March.
The daily On-Balance-Volume (OBV) line has risen steadily along with the price action and confirms and supports the year-long advance.
The Moving Average Convergence Divergence (MACD) oscillator has been above the zero line all year in bullish territory. This indicator is still pointed up.