Zebra Technologies Corp. (ZBRA) was favored by Jim Cramer Thursday night during the Lightning Round of his popular Mad Money program. "Zebra keeps doing great and I'm a believer," said Cramer. Let's visit with the charts to see how great the stock price has been.
In this Point and Figure chart of ZBRA, below, we can see that the software is projecting an upside breakout and a potential price target in the $238 area.
Bottom-line strategy: ZBRA could break out to the upside at any moment. Buy a starter position now and when prices start to move up add the balance of what you want to buy. Risk a close below $185 and $238 is the first target.