Jim Cramer fields questions about stocks from callers during the Lightning Round segment of Mad Money. One caller on Wednesday asked about Keysight Technologies (KEYS) . "I really like this one. It should be higher," said Cramer.
Let's check out KEYS to see if the charts agree.
In the daily bar chart of KEYS, below, we can see that the shares emerged from a base pattern and made a strong run-up into February. Prices then turned sideways to lower to correct the gains. The slope of the 50-day moving average line turned from up to neutral. The slope of the 200-day moving average line remains positive.
The On-Balance-Volume (OBV) line has moved mostly sideways the past four months as buyers and sellers of KEYS seem to be in balance. It might be a "tell" that the OBV line did not decline with the price action. The Moving Average Convergence Divergence (MACD) oscillator is back above the zero line now.
In the weekly Japanese candlestick chart of KEYS, below, we see a positive-looking chart. Prices are in an uptrend above the rising 40-week moving average line.
The weekly OBV line is showing positive improvement the past six weeks. The MACD oscillator is pointed down but it is narrowing toward a new buy signal.
In this daily Point and Figure chart of KEYS, below, we can see that the software is projecting an upside price target in the $172 area. A double from the basing action around $100 on the weekly bar chart would give us $200 as the next target.
Bottom-line strategy: Cramer is bullish on KEYS and the charts are pointed up. Traders could go long KEYS around or near $145 risking to $137. The $172 area is our first target and $200 is our secondary objective.