By Scott Rutt.
In the “Off The Charts” segment, Cramer checked in with colleague Bob Lang over the charts of three of the top medical device makers to see if their stocks can continue to rise.
Lang first looked at a daily chart of InMode (INMD) – Get Report and said he liked what he saw. Shares are up 75% in recent months, but have been consolidating their gains since November. The MACD momentum indicator shows a bullish crossover, signaling that consolidation may now be over. Shares have already spiked $9 since that crossover.
Lang next looked at medical robotics maker Intuitive Surgical (ISRG) – Get Report and also liked what those charts were telling him. Not only are shares making patterns of higher highs on strong volume, the Ichimoku cloud signals the rally is expanding.
Finally, Lang examined the daily chart of Bruker (BRKR) – Get Report, the medical analytics and diagnostics company. He liked this stock’s upward trend on strong volume and said the floor of support at $51 a share is holding nicely.