During the Lightning Round segment of Mad Money Tuesday evening one caller asked about the new issue InMode Ltd. (INMD) : "This one is speculative and it's had a big run," commented Jim Cramer. The company is a global provider of innovative medical technologies. They develop devices to enable new surgical procedures.
We do not have a lot of price history to work with but let's check out the charts anyway.
In this daily Japanese candlestick chart of INMD, below, we can see that prices have tripled since their recent IPO. INMD is above the rising 20-day and rising 50-day moving average lines. The trading volume has increased from the start of trading and the daily On-Balance-Volume (OBV) line shows a rise in the past few months telling us that buyers of INMD have been more aggressive.
Price momentum has not slowed during the advance so there is no bearish divergence to set off warnings of a correction.

Bottom-line strategy: INMD is still in an uptrend with a higher Point and Figure target. If you are long you could take a partial profit and hold the balance with a stop below $37 for now.