One caller during the Lightning Round of Mad Money Monday night asked Jim Cramer about Leidos Holdings (LDOS) . "This one probably goes to $100 a share." I had to look up the company to see what they did and found they are "an American defense, aviation, information technology, and biomedical research company." You probably need some sort of security clearance to work there but I don't need one to look at the charts and indicators today.
In the daily bar chart of LDOS, below, we can see that prices made a strong rally from late December. Only recently have prices moved below the cresting moving average line.
In the weekly bar chart of LDOS, below, we see a mixed picture. Prices are above the rising 40-week moving average line but they also look extended above that line. When prices get too far away from the 40-week line they can tend to be drawn back to it.
The movement of the OBV line matches the price move and the MACD oscillator on this time frame has crossed to the downside for a take profits sell signal.