April 20th - OMG FTEK

Cramer jumped right to his Green Day segment and recommended OM Group Inc. (OMG)

Closing Price: $52.46
After Hours High: $53.62
Percent Increase at High: 2.2%
After Hours Most Recent: $53.47
Percent Increase at Most Recent Price: 1.9%
Sector: Basic Materials
Days to Cover: 2.6
Short %: 6.32 %
% Held by Insiders: 0.13 %
% Held by Institutions: 99.70 %
50 Day Moving Average: $46.49
200 Day Moving Average: $44.34


Very high institutional holder percentage in the stock....almost 100%! The price has been slightly above the top band on the chart for several days, but is now above that $51.99 level. The price was also approaching the 70 level of the RSI. So, there is some downside potential here, and $53.00 would be a good level to watch for the downside, even though it is still well above the top band.

Being Speculation Friday, Cramer recommended Fuel-Tech, Inc. (FTEK)

Closing Price: $22.01
After Hours Most Recent: $23.68
Percent Increase at High: 7.6%
Sector: Industrial Goods
Days to Cover: 1.2
Short %: 2.79 %
% Held by Insiders: 41.03 %
% Held by Institutions: 44.60 %
50 Day Moving Average: $26.11
200 Day Moving Average: $20.44


Cramer recommended FTEK over a year ago, and it did have an early drop, but it rebounded strongly in the afternoon and went above initial highs in the morning. The stock is dead on the middle band (or 20 day simple moving average), so does it break through or fall back from here? Given that it is up over 7% after having been down today, I'm going to guess that it will face some resistance at the middle band and retreat. The bottom band at $21.36 isn't likely to come into play though so finding the bottom won't be an exact science. Depending where it opens, $23.00 could be a number too watch.