'As much as we hate to chase on 'Mad Money,' the charts, as interpreted by Bob Lang, suggest that all three of these internet stocks have more room to run,' the 'Mad Money' host said.
The Nasdaq Composite has been inching toward its all-time high, and a number of the biggest technology stock gainers could have more room to rise, CNBC's Jim Cramer said Tuesday.
Lang is founder of ExplosiveOptions.net, an options trading service, and a contributor at TheStreet.com, the financial news service co-founded by Cramer. Lang relied on the Ichimoku Cloud and Chaikin Money Flow indicators to make a case, Cramer said. Alphabet's 50-day and 200-day moving averages have produced a golden cross, where the former average exceeds the latter average — a marker hedge fund managers love to see, he explained.
"Put it all together and Lang thinks Alphabet is a $1,232 stock that can break through to $1,300 in short order. He's betting we break out [of] that barrier in not that long after the company reports earnings ... [on] April 19."Cramer said Snap, the owner of the disappearing content social platform Snapchat, has been on fire after it bottomed under $5 in December. The stock has more than doubled in 2019, powered by its positive earnings report in early February.
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