Miss a Move? The Charts Can Help
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.
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? firstname.lastname@example.org
Questions, comments, suggestions for the Mad Money website? email@example.com