Industrial stocks have had a fantastic year, but the rally is getting long in the tooth, Jim Cramer told his Mad Money viewers Tuesday. Still, to determine whether the move can continue into the new year, he sought expert advice in his "Off the Charts" segment from Bob Lang, founder of ExplosiveOptions and a contributor to Real Money.

Starting with Caterpillar (CAT) - Get Caterpillar Inc. Report , Lang told Cramer that the volume trends during the rally have been superb. Volume offers a test of how convinced the market is about a stock's move. Earlier in December, Caterpillar's Moving Average Convergence Divergence, or MACD, indicator -- which helps technicians detect changes in a stock's trajectory before they happen -- made a bullish crossover. In addition, Lang notes that the stock has consistently found a floor of support at its 20-day moving average, which is at $139 right now. Lang says Caterpillar could take a run at $155 or even $160 early in the new year.

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In a less obvious case, Lang and Cramer considered Emerson Electric (EMR) - Get Emerson Electric Co. Report . The stock put in a V-shaped bottom pattern earlier this year, in which Emerson plummeted over the course of a few weeks and then bounced back. Those moves occurred as Emerson was trying to acquire Rockwell Automation (ROK) - Get Rockwell Automation, Inc. Report . Rockwell kept saying no, so Emerson would raise its bid, causing the stock to get hit. After giving up the bid last month and announcing a buyback, the stock began its current surge.

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Lang says that this V-shaped bottom pattern tends to be quite bullish -- he could see the stock running to $75 in the not-too-distant future. While Emerson's already racked up a 13% gain since mid-November, he thinks the stock has more room to run.

Cramer and Lang next looked at Honeywell (HON) - Get Honeywell International Inc. (HON) Report , a diversified industrial with aerospace exposure and a breakup story. The stock had a strong move in November on high volume, but in the past couple of weeks it has paused. Lang thinks that Honeywell may have run too far, too fast, but says there are a couple of important positives. As the stock pulled back, it did so on lower volume, suggesting that the big institutions aren't selling. In addition, the stock has been holding above its floor of support at the 10-day moving average, right below where it's currently trading.

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As far as Lang's concerned, Honeywell just needs to re-charge. He sees the stock potentially running up to $170 near the beginning of the new year.

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In another industrial with aerospace exposure, Cramer and Lang looked at United Technologies (UTX) - Get United Technologies Corporation Report . The stock has been making new highs and last month the MACD indicator made a bullish crossover. Lang thinks this is a powerful trend. He sees the stock possibly headed to the $130s before too long, although he suggests holding out for a pullback to $120, where UTX has support.

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