How're the video game stocks looking?
"In the "Off The Charts" segment, Cramer checked in with colleague Bob Lang to see if the video game stocks can keep roaring now that the economy is reopening," wrote TheStreet's Scott Rutt in his Mad Money recap. "Lang first looked at a daily chart of Roblox (RBLX) - Get Report, which just reported blowout earnings. He noted the steady pattern of higher highs and higher lows, denoting a healthy uptrend. He was also positive on the stock's relative strength indicator, or RSI, which confirmed there's more room to run."
"Next, Lang looked at a daily chart of Take-Two Interactive (TTWO) - Get Report, another game maker that just under-promised and over-delivered on earnings," he continued. "He said the stocks' sharp move higher blew past its moving-average resistance and is now above the 50-day moving average on strong volume. He was also bullish on the MACD momentum indicator and strong Chaikin Money Flow (CMF)."
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