Cramer's third recommendation to viewers was generator maker Generac Holdings (GNRC) , which in addition to gas-powered generators, also makes solar and battery backup solutions to help homes and businesses weather storms and prolonged outages.
We looked at GNRC on July 1 and recommended "There looks like there is plenty more room on the upside. Start a long position here and use available weaknesses to round out your position. Risk to $370 for now. The round number of $500 is the next price target."
In the updated daily bar chart of GNRC, below, we can see that prices have continued to soar northward. GNRC remains in a strong uptrend above the rising 50-day moving average line and the rising 200-day moving average line.
The On-Balance-Volume (OBV) line has continued higher and has made a new high for the move up to confirm and support the price gains. The trend-following Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.