There's a lot more to our recovery than just the cyclical stocks, Jim Cramer tells Real Money readers. He said construction is also booming, which helped Otis Worldwide (OTIS) shares to rocket higher in recent days.
In the daily bar chart of OTIS, below, we see that the shares have worked higher over the past 12 months. There is an initial rally followed by a lengthy sideways correction. Prices turned higher again in early March and recently gapped to the upside, missing the 13th floor, so to speak. OTIS is trading above the rising 50-day and 200-day moving average lines.
The On-Balance-Volume (OBV) line declined from early September to late January but it has been improving and telling us that buyers of OTIS are now being more aggressive. The trend-following Moving Average Convergence Divergence (MACD) oscillator is bullish.