With total credit card debt reaching all-time highs, Jim Cramer used his Off-the-Charts segment during Tuesday's Mad Money episode to find out more about the four major credit card networks.
Cramer started by looking at the daily chart for Visa (below), which just hit an all-time high. Shares are up 28% for the year, and have helped carry the Dow Industrials to fresh highs as well.
Lang points out that this stock rarely gives you a chance to get on board at lower levels. In fact, he notes that every time Visa's pulled back to its short-term 50-day moving average, it's been a buying opportunity.
For example, about a month ago the stock sold off to the low $90s. Since then Visa has rapidly rallied up to $101 and change. Visa has been rallying on strong volume as well, passing the "lie detector" test and suggesting the move is sustainable. Lang wouldn't be surprised if the stock can climb to $120 by the end of the year, up nearly 20% from these levels.
Mastercard, the second largest credit card company, has also been performing well. TheStreet.com's Trifecta Stocks Newsletter, which Lang helps run, has a position in Mastercard, and it's been a nice long-term winner.