During Monday night's Mad Money program Jim Cramer gave the nod to Moderna Inc. (MRNA) , which is aiding in the fight to find a treatment for the coronavirus. The Cambridge, Massachusetts-based biotechnology company works on drug development based on messenger RNA (ribonucleic acid -- in some viruses RNA rather than DNA carries the genetic information). Indeed, Cramer discussed Moderna in his Real Money column "6 Stocks to Buy on Coronavirus Fears."
Let's see what the charts of MRNA are telling us.
In the daily bar chart of MRNA, below, we can see that prices have been stair-stepping higher from August. MRNA is trading above the rising 50-day moving average line and above the flat 200-day moving average line.
Trading volume has been stronger since September and the On-Balance-Volume (OBV) line has been rising since August. A rising OBV line tells us that buyers of MRNA have been more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator has turned up from the zero line for a fresh outright go long signal.