n a segment of Mad Money Friday night called "Cramer Does His Homework," Jim Cramer ended on a high note saying that Moog (MOG.A) , the defense contractor and industrial company, is a solid innovator that should be considered after the volatility of September passes.
Let's check out the charts of MOG.A.
In the daily bar chart of MOG.A, below, we can see that prices made a very hard and deep decline in February and March. Prices finally rebounded a bit from the middle of March but there was a retest in May. The shares rallied up to a new high for the move from the March low into early July but that strength did not last for long. Prices have drifted up from July into September. MOG.A is trading between the declining 200-day moving average line and the rising 50-day moving average line.
The On-Balance-Volume (OBV) line declined into July and has not managed much of a recovery from there. The weakness in the OBV line tells us that even with the bounces, sellers of MOG.A have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but pointed down. Not much in the way of trend strength.