On CNBC’s Mad Money, Jim Cramer and Bob Lang, founder of ExplosiveOptions.net and senior analyst, discussed chart trend of some of tech household names including Google Inc (NASDAQ:GOOGL), Facebook Inc (NASDAQ:FB), Amazon.com, Inc. (NASDAQ:AMZN) and Netflix, Inc. (NASDAQ:NFLX). The stocks have had interesting movements on daily and weekly charts and some like Google are up more than 90 percent over the past 18 months.
Cramer started off the stock discussion by saying, “Google stocks are up 90 percent since Lang recommended them 18 months ago to you.” Taking a look at each stock at a stock at a time, Lang noted that the stock they profiled a year and a half ago had shown great and interesting chart movements and one of such stocks is Facebook Inc (NASDAQ:FB).
“Facebook had a nice little move up following earnings and we crack it down a little bit. Over the last week and half ago we have a nice reversal from Friday, and we fill the gap over here and it looks like after today’s action over here you can see it is ready to pop up that gap again to the old high again in the mid-70s,” Lang noted about the world’s most popular social network.
He went on to say that on the weekly chart Facebook Inc (NASDAQ:FB) has got a beautiful trend since July 2013 and has been doing extremely well. Lang also noted that Facebook was up nearly 35 percent this year.
Next on the line was Amazon.com, Inc. (NASDAQ:AMZN), which Lang said has been a “little bit more troublesome with the daily chart.” However, he noted that the stock has had a nice little reversal. The stock of Amazon is down nearly 21 percent this year.
Netflix, Inc. (NASDAQ:NFLX) is a little bit looking chart, according to Lang. He said the stock was one of their better looking plays back in 2012-2013. The stock is up 15 percent this year.
Google Inc (NASDAQ:GOOGL), which is up nearly 4% this year, is a market mover, according to Lang. However, its chart is mixed, and they will be waiting to see its movement.
“My take is this, Google is my large position from the charitable trust. I was very worried about this maybe you feel a little less concerned. Facebook is a huge position too, and I feel great about that.” Cramer noted.
Disclosure: none
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