During the fast-paced Lightning Round segment of Mad Money Friday night one caller asked Jim Cramer about MasTec Inc. (MTZ) . "We have a lot of infrastructure needs. This is a good one," Cramer responded.
Let's check out the charts of this electric power transmission system builder.
In the daily bar chart of MTZ, below, we can see that the shares have tripled since their March low. There is a bullish golden cross in early October as the 50-day moving average line crossed above the 200-day moving average line. Both lines have positive slopes.
The On-Balance-Volume (OBV) line shows a nice and steady rise from March telling us that buyers of MTZ have been more aggressive. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but curving downward to a take profits sell signal.