By SA Editor Miriam Metzinger:
Stocks discussed on the in-depth session of Jim Cramer’s Mad Money TV Program, Monday August 4.
4 Charts with Fangs: Google (NASDAQ:GOOG), (NASDAQ:GOOGL), Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Netflix (NASDAQ:NFLX)
Cramer discussed with technical analyst Bob Lang the latter’s favorite stocks based on charts. Bob Lang, Cramer’s colleague at The Street.com and founder of explosiveoptions.net looked at charts of Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google (GOOG), (GOOGL). Lang called this group FANG, an acronym of the four stocks recommended by Lang 18 months ago, which are up collectively 90%. Facebook’s daily chart moved up following earnings and then corrected. FB looks like it is ready to move to its old highs in the mid-70s. The weekly chart of FB has been showing strength since July 2013, and it is currently showing a flag pattern and a bullish crossover in the MACD.
Amazon has been more troublesome. The daily chart
