Jim Cramer Was Focused on These 15 Stocks Recently

3. The Carlyle Group Inc. (NASDAQ:CG)

Number of Hedge Fund Holders: 32

The Carlyle Group Inc. (NASDAQ:CG) is one of the stocks Jim Cramer was recently focused on. Cramer highlighted that it is one of “Lang’s favorites” and said:

“Starting with the daily chart of Carlyle Group. This is one of Lang’s (Bob Lang) favorites. The stock’s been in a strong uptrend for months now, setting a series of higher highs, okay, and higher lows, practically a textbook picture of what you want to see in the chart. Now, back in July, the stock reached steeply overbought levels, okay? And this has kind of changed things, but it never really sold off in response.

Just traded sideways, gradually became less overbought over time. Meanwhile, Lang points out that Carlyle’s got good volume trends, with the stock generally rallying on strong volume and pulling back on weaker volume. Although we had a notable exception just this last week. What else? Take a look at the on-balance volume right down here at the bottom.

This is a volume-based technical indicator that uses a running total of trading volume to predict price changes… With Carlyle, the on-balance volume looks bullish, really bullish, although it’s come down from the recent highs as the stock pulled back over the past couple weeks. If you’re waiting for a pullback, this stock was at $69 less than two weeks ago, and now it’s at $62 and change. So Lang says, time to buy. He sees Carlyle moving up to $80 in a few months and possibly $100 by next year. I like that risk-reward. I think he’s got a winner here.”

The Carlyle Group Inc. (NASDAQ:CG) is a global investment firm active across private equity, real assets, credit, and fund solutions.