The Lightning Round is a popular segment of Jim Cramer's Mad Money program. Tuesday night one caller asked Cramer about Teladoc Health Inc. (TDOC) : "I think anything that cuts healthcare prices is a good thing. I like that," said Cramer.
Let's check out the charts of this virtual healthcare company.
In the daily bar chart of TDOC, below, we can see that prices made a low way back in April. Prices have trended higher and a bullish golden cross of the 50-day and 200-day moving averages can be seen back in early July (typically these signals are seen well after a base pattern). Prices are above the rising 50-day line and the bullish 200-day average.
Trading volume looks like it has been increasing since August and the daily On-Balance-Volume (OBV) line has been rising since April. A rising OBV line is a sign that buyers of a stock have been more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator has been bullish since September.
In this second Point and Figure chart of TDOC, we used weekly price data and see a potential price target of $163.