During Tuesday's fast-paced Lightning Round segment of Mad Money one caller asked Jim Cramer about SoFi Technologies (SOFI) . "I think they are doing a terrific job and you should buy the stock," replied Cramer.
Let's check out the charts of SOFI and see what they say.
In the daily bar chart of SOFI, below, we can see that there were two upside rallies that were quickly retraced. Prices are trading below the declining 50-day moving average line.
The On-Balance-Volume (OBV) line plunged in July telling us that traders were aggressive sellers of the stock. The Moving Average Convergence Divergence (MACD) oscillator is bearish.