“This company is a great company. As shares come down, I’d accumulate more,” Jim Cramer told a caller asking about Zebra Technologies Corp. (ZBRA) during the Lightning Round segment of Mad Money Friday night.
Let’s check out the charts and technical indicators of this company that manufactures and sells marking, tracking and computer printing technologies.
In the daily bar chart of ZBRA, below, we can see that the shares have been pressured this month. The chart pattern looks like a bear flag pattern where there is a sharp move lower (the pole) followed by a quiet drift higher (the flag) before another sharp move lower happens. Prices are trading below the declining 50-day moving average line but still above the flat 200-day moving average line.
The On-Balance-Volume (OBV) line looks like it is moving lower this month after a less-than-exciting rise from early April to early September. The Moving Average