According to Lang's research, Northrop's weekly chart couldn't get any nicer. The stock has rallied all year on strong volume and the Williams oscillator has been pegged in the "overbought" category, meaning that investors have been clamoring for the stock no matter what the price.
Northrop's daily chart was also a thing of beauty, noted Lang, with a floor of support at $84 a share and virtually no ceiling of resistance as the stock ventures into new-high territory. The MACD momentum indictor also shows strong interest in the stock.
So what of the fundamentals? Cramer said that while sequestration may be killing off some government spending, it's certainly not affecting Northrop, which makes things like unmanned drones and other high-tech wizardry. The company has also been cutting costs and shedding low-margin businesses to to make it even more profitable in the given environment.
Given how all of the defense names from Honeywell to
(COL) are all up big, Cramer said that Northop may just be the best of the bunch.
No Huddle Offense
In his "No Huddle Offense" segment, Cramer asked the question, what makes the perfect quarter? In a word, Schlumberger.
Cramer said the Schlumberger conference call "had it all," including a five-year plan for dividend growth and share repurchase, both revenue growth and margin expansion, innovation, international growth, a new spending cycle that has clients lining for more services and a company that has more service to offer those clients.
Add up all of these amazing positives, and Cramer said it's easy to see why investors took shares higher on Friday and again Monday.
To watch replays of Cramer's video segments, visit the Mad Money page on CNBC
-- Written by Scott Rutt in Washington, D.C.
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