During Tuesday's Lightning Round segment of Mad Money host Jim Cramer fielded calls from viewers. One caller asked about Commercial Vehicle Group (CVGI) . "That is one good stock and I'm with you on that one," Cramer quickly replied.
According to CVGI's website they are a supplier of electrical wire harnesses, seating systems, mechanical assemblies, structures, plastic products and more to the automotive, military, bus, agriculture, warehousing, transportation, mining, industrial and off-road recreational markets.
Let's check out the charts of CVGI to see if we're with Cramer on this one.
In the daily bar chart of CVGI, below, we can see that the shares have been trending higher the past 12 months. Tests of the rising 50-day moving average line have been buying opportunities in hindsight.
The trading volume has been relatively light but the On-Balance-Volume (OBV) line has been steady. An increase in the OBV line would be a good sign should it develop. The Moving Average Convergence Divergence (MACD) oscillator is just slightly above the zero line and narrowing. We may see a free buy signal before long.