Miss a Move? The Charts Can Help

Tuesday, 21 Sep 2010 | 6:29 PM ET

If you miss a move on a stock, Cramer said Tuesday, it's best not to dwell on it. Instead, look forward to its next big run. That's where the charts come in.

Take Caterpillar , for example. This machinery company has had a huge run, up 240 percent from the generational lows of March 2009. It also recently had a nice breakout and, on Tuesday, posted a new 52-week high. For those who own CAT, Cramer said it's OK to take some profits, but not to sell the whole thing just yet.

Chart Week
Cramer teaches you how to find profits by going off the charts.

To illustrate why Caterpillar still has legs, Cramer looked to the charts. And he sought the help of Ken Shreve, a highly regarded technician on Wall Street, to explain their significance. Watch the video of his full analysis.

Call Cramer: 1-800-743-CNBC

Questions for Cramer? madmoney@cnbc.com

Questions, comments, suggestions for the Mad Money website? madcap@cnbc.com

  Price   Change %Change


Contact Mad Money

  • Showtimes

    Monday - Friday 6p ET
  • Jim Cramer is host of CNBC's "Mad Money" and co-anchor of the 9 a.m. ET hour of CNBC's "Squawk on the Street."

Mad Money Features

  • Grab the latest CNBC gear from the NBCUniversal Store!

  • Get a behind-the-scenes look at how Cramer formulates his investment advice. "Inside the Madness" is a column, which features e-mails and more with Cramer and his researcher Nicole Urken.

  • You’ve always wanted to hit the “Hallelujah!” button. Here’s your chance.