The fast-paced Lightning Round segment of the popular Mad Money program is where callers get a chance to quiz host Jim Cramer about stocks they are interested in. One caller Tuesday night asked about NortonLifeLock Inc. (NLOK) . "I think this is an undervalued stock and I like it very much," replied Cramer.
Let's check out the charts of this identity theft company, which is a position in TheStreet's Trifecta Stocks portfolio.
In this daily bar chart of NLOK, below, we can see that the stock was crushed in early February with a huge downside price gap. Prices bounced a little before making a lower low in March. The bounce from March broke above the February high but has rolled over once again. Prices are below the rising 50-day moving average line and well below the declining 200-day moving average line.
The On-Balance-Volume (OBV) line increased in January and February and then it has stayed steady. Very unusual. If we take the movement of the OBV line as a good representation of what traders are doing then we might conclude that the buying and selling have been in balance.
The Moving Average Convergence Divergence (MACD) oscillator generated a buy signal last month but now it is close to crossing below the zero line for a sell signal.