Wednesday night's Lightning Round segment of Mad Money did not disappoint loyal fans. Jim Cramer fielded questions about stocks from callers in rapid succession. One caller asked about Flex Ltd. (FLEX) . "I'm gonna say that one is a buy," said Cramer of the company that provides design, engineering, manufacturing, and supply chain services.
Let's check out the charts of FLEX.
In the daily bar chart of FLEX, below, we can see how prices were cut in half from February to March. FLEX has recovered in recent weeks and now trades just above the bottoming 200-day moving average line and above the rising 50-day moving average line.
The daily On-Balance-Volume (OBV) line is still in a decline from February telling us that sellers of FLEX are somehow still more aggressive than buyers. The Moving Average Convergence Divergence (MACD) oscillator crossed above the zero line in early May but its rise has not been robust.