During the fast-paced Lightning Round segment of Mad Money callers get the opportunity to ask host Jim Cramer about stocks they are interested in. One caller Thursday night asked about Franco-Nevada Corp. (FNV) . "This one has been really good," replied Cramer.
Let's check out the charts of this precious metals miner.
In the daily bar chart of FNV, below, we can see that prices have made new highs in April after a "shake out" in March. Prices are above the rising 50-day moving average line and the rising 200-day moving average line. The breaks of the 200-day moving average line in March were short lived and now look like a buying opportunity in hindsight.
The daily On-Balance-Volume (OBV) line only dipped in March and has since moved up to a new high to confirm the price gains. The Moving Average Convergence Divergence (MACD) oscillator is well above the zero line in bullish territory but we could see a take profits sell signal in the days ahead if the rally slows.


In this second Point and Figure chart of FNV, below, we used weekly price data. This chart is projecting a potential long-term price target in the $223 area.
