During the Lightning Round of Mad Money Wednesday night Jim Cramer was bullish on Inphi Corp. (IPHI) the Santa Clara, California-based company that produces specialized semiconductor components. This is above my pay grade so let's check out the charts and indicators.
In the daily bar chart of IPHI, below, we can see that prices have been in an uptrend the past 12 months. Prices gapped higher at the end of October and have managed to hold onto those gains the past three weeks. Prices could trade sideways a bit longer but we should see a resumption of the rally before too long. IPHI is above the rising 50-day moving average line as well as the rising 200-day line.
The On-Balance-Volume (OBV) line shows a rise the past year and this signals that buyers of IPHI have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator has been above the zero line for much of the year but recently crossed to the downside for a take profits sell signal.