Cramer's charts predict full speed ahead for industrial stocks
Bob Lang
So Cramer called on technician Bob Lang  the founder of ExplosiveOptions.net and one of the three minds behind TheStreet.com's Trifecta Stocks newsletter  to see if the industrials' already lengthy rally can continue into the new year.
 Lang  liked the stock's high trading volume  an indicator technicians use to verify dramatic moves. High volume means that there are a lot of buyers pushing the stock higher  so  Lang  thought the move was telling the truth.
"Put it all together and this chart's got a lot going for it " Cramer said. " Lang  says Caterpillar is  his  favorite name in the group  and this combination of positives makes  him  think the stock could take a run at $155 or even $160 early in the new year."
" Lang  says the V-shaped bottom pattern tends to be quite bullish —  he  could see this stock ... take a run at $75 in the not-too-distant future " Cramer said. "At the moment  the stock's trading at $66.  Lang  says  he 'd love to buy it on a pullback to $63  where Emerson has the support of the 50-day moving average ... but who knows if you'll get that kind of decline?"
 Lang  said shares of Honeywell may have gotten overheated  but noted a few positives: the pullback happened on lower volume  meaning there aren't any major sellers  and the stock has been holding above its floor of support.
"Put it all together and as far as  Lang 's concerned  Honeywell just needs to re-charge " Cramer said. "He could potentially see this $153 stock running up to $170 near the beginning of the new year  which would be stupendous."
Finally  Cramer and  Lang  inspected the daily chart of United Technologies  an industrial stock with aerospace exposure that has consistently been reaching new highs.
" Lang  thinks this is a very powerful trend " Cramer said. " He  sees the $123 stock possibly going to the $130s before too long  although ideally  he  recommends waiting for a pullback to $120  where UTX has a nice floor of support."
"It's a good time to be an industrial company  and the charts  as interpreted by Bob Lang  suggest the industrial stocks are going to continue to have a good time right into year-end " the "Mad Money" host concluded. "He likes Caterpillar  he likes Emerson Electric  Honeywell [and] United Technologies  and I've got to say I agree with him. All we can do is hope that these stocks come in and give us better prices as part of some sort of market-wide sell-off that has nothing to do with their businesses. Why? Because their businesses are red-hot."
So Cramer called on [TGT]the founder of ExplosiveOptions.net and one of the three minds behind TheStreet.com's Trifecta Stocks newsletter  to see if the industrials' already lengthy rally can continue into the new year.
 [TGT]liked the stock's high trading volume  an indicator technicians use to verify dramatic moves. High volume means that there are a lot of buyers pushing the stock higher  so  [TGT]thought the move was telling the truth.
"Put it all together and this chart's got a lot going for it " Cramer said. " [TGT]says Caterpillar is  [TGT]  favorite name in the group  and this combination of positives makes  [TGT]  think the stock could take a run at $155 or even $160 early in the new year."
[TGT]says the V-shaped bottom pattern tends to be quite bullish —  [TGT]  could see this stock ... take a run at $75 in the not-too-distant future " Cramer said. "At the moment  the stock's trading at $66.  [TGT]says  [TGT] 'd love to buy it on a pullback to $63  where Emerson has the support of the 50-day moving average ... but who knows if you'll get that kind of decline?[TGT]said shares of Honeywell may have gotten overheated  but noted a few positives: the pullback happened on lower volume  meaning there aren't any major sellers  and the stock has been holding above its floor of support.
"Put it all together and as far as  Lang 's concerned  Honeywell just needs to re-charge " Cramer said. "He could potentially see this $153 stock running up to $170 near the beginning of the new year  which would be stupendous."
Finally  Cramer and  [TGT]inspected the daily chart of United Technologies  an industrial stock with aerospace exposure that has consistently been reaching new highs.
" [TGT]thinks this is a very powerful trend " Cramer said. " He  sees the $123 stock possibly going to the $130s before too long  although ideally  he  recommends waiting for a pullback to $120  where UTX has a nice floor of support."
"It's a good time to be an industrial company  and the charts  as interpreted by [TGT]  suggest the industrial stocks are going to continue to have a good time right into year-end " the "Mad Money" host concluded. "[TGT] likes Caterpillar  [TGT] likes Emerson Electric  Honeywell [and] United Technologies  and I've got to say I agree with [TGT]. All we can do is hope that these stocks come in and give us better prices as part of some sort of market-wide sell-off that has nothing to do with their businesses. Why? Because their businesses are red-hot."