During Tuesday's Lightning Round segment of Mad Money one caller questioned Jim Cramer about Montrose Environmental Group (MEG) . "This is a little speculative name but I like the business," replied Cramer.
Let's check out the charts of MEG.
In the daily Japanese candlestick chart of MEG, below, we can see the entire trading history of this stock. The shares rallied into early April and then a shift has been taking place. Prices just closed below the still rising 50-day moving average line. The slower-to-react 200-day line is bullish and intersects around $36.
The On-Balance-Volume (OBV) line has been rolling over from early April as traders have been shifting from aggressive buyers to aggressive sellers. The Moving Average Convergence Divergence (MACD) oscillator turned down in the middle of April and is now close to crossing below the zero line for a sell signal.