In his Real Money column, "Here Are My Top 10 Pandemic Paradox Stocks" Jim Cramer discusses how the outdoor theme continues with names like Tractor Supply (TSCO) , the place to go for gardening, and Scotts Miracle-Gro Co. (SMG) , for the products you need when you realize you don't have a green thumb after all.
We looked at TSCO on July 21 so let's check out SMG now after it beat June-quarter earnings and revenue expectations, raised guidance and announced a special dividend.
In the daily bar chart of SMG, below, we can see the price action through Tuesday's close. Prices are up sharply in early Wednesday trading. SMG has nearly doubled in price from its March low. Prices are above the rising 50-day moving average line and the rising 200-day moving average line.
Trading volume has been active and the On-Balance-Volume (OBV) line turned upwards in March. Buyers of SMG have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is in a bullish alignment above the zero line.