On Real Money Monday morning Jim Cramer asked how you make sense of the insane? How do you justify the valuation of the "wild bunch," four stocks "that have been as untamed and unfettered" as he's ever seen? These stocks are Amazon (AMZN) , Netflix (NFLX) , Tesla (TSLA) and Livongo Health (LVGO) , a data-based health coaching program that enables people with diabetes to share blood glucose records with Certified Diabetes Educators.
The last time I looked at LVGO was back on March 4 when we did not have much price data to work with but a month later prices started to move up significantly. Let's check out some updated charts.
In the daily bar chart of LVGO, below, we can see that the shares turned upward in early April as the broader market turned higher. Prices are above the rising 50-day moving average line and the rising 200-day moving average line. We don't have enough price history for the 200-day moving average line but we can imagine that the 50-day line crossed above it in April for a bullish golden cross buy signal.
The On-Balance-Volume (OBV) line began its strong rise in late March telling us that buyers of LVGO had become more aggressive. The Moving Average Convergence Divergence (MACD) oscillator became bullish in early April and remains very positive.