During Friday's Mad Money program Jim Cramer unveiled his game plan for this week to his viewers. The action starts Monday in the tech sector, when Palo Alto Networks (PANW) will hold an analyst meeting. Cybersecurity remains hot and Palo Alto should have good things to say, according to Cramer.
We looked at PANW back on August 24. Let's review the charts again.
In the daily bar chart of PANW, below, we can see that the shares gapped strongly higher in late August. Trading volume soared as traders and investors rushed in after the company's earnings report. Prices did not have any "give" and continued to climb higher into September.
The daily On-Balance-Volume (OBV) line made a new high to confirm the new price highs. The Moving Average Convergence Divergence (MACD) oscillator quickly moved back above the zero line for an outright buy signal.