Cramer's 'Mad Money' Recap: All Aboard AT&T (Final)

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NEW YORK (TheStreet) -- Jim Cramer started out his "Mad Money" TV show Tuesday by telling viewers it's "all aboard for AT&T (T Quote)." He said the next stop is $30 a share.

To help make this call, Cramer said he turned to his "Off The Charts" technicians, asking them to find a stock with the perfect chart for this market rally. He said the unanimous answer was AT&T. Cramer agreed, saying the chart of AT&T is a masterpiece in the making.

Ever since October, the stock of AT&T has been "building a base," said Cramer, technician-speak for "treading water." The stock was repeatedly hitting resistance at its 40-week moving average, with bargain hunters swooping in on every pullback.

That pattern changed in July. He said AT&T rallied and broke through its 40-week average, turning the once resistance level into a support level the stock now will not fall below.

What's changed at AT&T? Cramer said investors have finally realized that the mobile Internet is a big enough phenomenon to move the needle, even at a big company like AT&T. He said with its 6% dividend yield, AT&T has become the safe way for those risk adverse to play the coming mobile Internet tsunami.

Cramer said unlike Verizon (VZ Quote), which only owns half of Verizon Wireless, AT&T owns 100% of its mobile operations, which now accounts for 43% of the company's revenue. Thanks to Apple's (AAPL Quote) iPhone, AT&T is seeing accelerating subscriber growth and revenue for every new subscriber it acquires.

Tack on growth from AT&T's popular U-verse TV service and its dividend yield, and Cramer said the company is just beginning its rise to $30 a share.