The spirited 'Lightning Round' segment of the Mad Money program is a viewer favorite. In rapid fire answers, Jim Cramer answers caller's questions. One caller Thursday night asked about Polaris Inc. (PII) : "I think that's an interesting opportunity longer-term," he replied.
Let's check and see if the charts of PII are interesting. 
In this daily bar chart of PII, below, we can see that prices were more than cut in two in just a few short weeks. Once prices closed below the flat 200-day moving average line in February there was no turning back. Prices quickly moved from $95 to below $40, and unlike the broad market which made its low in the middle of March, PII did not make its low until early April.
The On-Balance-Volume (OBV) line peaked at the beginning of January which is another sign that this security is weaker than the broad market. A cover shorts buy signal from the Moving Average Convergence Divergence (MACD) oscillator did not happen until a few days ago.
In this weekly bar chart of PII, below, we show prices going back to 2014. Notice the number of times that the $70 area provided support? This area should now become key overhead resistance.
The 40-week moving average line has a negative slope. The weekly OBV line shows a peak back in early 2018 and the MACD oscillator is bearish.
In this weekly Point and Figure chart of PII, below, we can see that prices reached a downside price target but there is no meaningful accumulation yet and thus no upside price target.
Bottom line strategy: PII may have a good long-term story but right now the charts do not recognize it. Avoid for now.
