The Lightning Round segment of Mad Money is one of viewers' favorites. This is when Jim Cramer answers callers' questions about stocks in a rapid fire sendoff.
Let's check out the charts and indicators of this network equipment and phone maker and holding in the TheStreet's Stocks Under $10 portfolio.
In the daily bar chart of NOK, below, we can see that prices lost ground for most of 2019. Prices have rallied from their November low but the volume is lackluster and does not convince me that we can see much more on the upside. NOK is above the rising 50-day moving average line but still below the declining 200-day moving average line.
The On-Balance-Volume (OBV) line has only slightly improved from the November low so it is hard to say that buyers of NOK have turned more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator crossed above the zero line early this month but it has already begun to narrow towards a possible take profits sell signal.
Bottom-line strategy: I do not find the charts of NOK attractive. Avoid the long side.