During the Lightning Round segment of Mad Money callers get to call in and ask Jim Cramer about his opinion of stocks they have an interested in. Nike (NKE) was one of the names that came up Friday night. "I think this stock goes higher. That was a great quarter," said Cramer.
Let's check out the charts and indicators.
In the weekly bar chart of NKE, below, we can see that prices made a new high for the move up and NKE is above the rising 40-week moving average line. The weekly OBV line is close to a new high for the move up and this will be a good confirming indicator.
The weekly MACD oscillator just crossed to the upside from above the zero line for a fresh outright go long signal.