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.