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Mad Money Lightning Round: Marvell Technology, MicroVision, Oracle
Jim Cramerâs bullish on Marvell Technology, but says MicroVision is a battleground stock.
Author:
May 20, 2021 7:30 AM EDT
Here s what Cramer had to say about some of the stocks that callers offered up during the Mad Money Lightning Round Wednesday evening:
Marvell Technology Group (
MRVL) - Get Report: This has high-performance and 5G chips. This is a good place to be.
MicroVision (
MVIS) - Get Report: This is a battleground stock. I say take profits. You are a winner with that one.
Oracle (
ORCL) - Get Report: I cannot believe that everyone thinks that one is a value. I m not going to fight the tide.
A Look at Snap Ahead of Earnings Let s review the latest charts. Stocks quotes in this article: SNAP
Here s what Jim Cramer had to say about one of the stocks that callers offered up during the
Mad Money Lightning Round Wednesday evening, Snap Inc. (SNAP) . I think they re gonna have a great quarter with fantastic growth, said Cramer referring to the camera application that helps people to communicate through short videos and images.
The last time we dove into the charts of SNAP was back on Dec. 2 we wrote that, These four charts of SNAP suggest that SNAP could weaken in the weeks ahead. Cramer s advice of taking out your cost basis looks like a timely suggestion.
Mitek Systems Has Charts Going in Different Directions Let see when they will align to the upside. Stocks quotes in this article: MITK
During the
Mad Money Lightning Round Wednesday evening a caller asked Jim Cramer s opinion on Mitek Systems (MITK) . This is a good company and they re in the right place.
According to the company s website the firm is about mobile capture and identity verification software solutions built on the latest advancements in AI and machine learning. That s over my pay grade so let s check out the charts and indicators.
In the daily bar chart of MITK, below, we can see how the shares have progressed from the March 2020 low. There have been rallies and corrections. The rally in December was the strongest to date and it has been correcting lower for the past seven weeks. Prices tested the rising 50-day moving average line earlier this month. The 200-day moving average line also has a positive slope and intersect