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Respect the Rally in WD-40 but Wait For Strength With Volume

Bruce Kamich

In Monday night's 'Lightning Round' of his popular Mad Money program, Jim Cramer said this about WD-40 Co. In this daily bar chart of WDFC, below, a rally phase from February to early September lifted WDFC from around $120 to just short of $185. Higher lows can be seen from October but the On-Balance-Volume (OBV) line has been drifting lower from early September.