Coming Out of the Weeds: Welbilt Stock Is Showing a Base Pattern

Tuesday night on Mad Money, Jim Cramer sat down with Hubertus Muehlhaeuser, CEO of restaurant equipment supplier Welbilt, Inc. (WBT) . They discussed the fundamentals of the restaurant business but what do WBT's charts and indicators look like? Let's check them out this morning.

In the daily bar chart of WBT, below, I can see some interesting developments with the On-Balance-Volume (OBV) indicator and the momentum study. WBT did make a peak in early January and declined to a new low earlier this month. Prices are below the declining 50-day moving average line and below the flat 200-day line....218 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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