Aug 13, 2021 | 08:56 AM EDT
During Thursday’s Mad Money program, Jim Cramer spoke with Whitney Wolfe Herd, founder and CEO of Bumble (BMBL) , the online dating service, to learn more about the company’s earnings which included a 38% rise in revenue.
Wolfe Herd explained that this pandemic has become one of the loneliest times in history for people around the globe, all of whom are desperate for love and meaningful connections. This fact has made Bumble irreplaceable for millions of users who are using their platform, she said.
Wolfe Herd added that Bumble’s brand has come to symbolize accountability and safety, as it was built with the woman’s perspective in mind. This trust and safety has enabled the brand to expand.
Let’s check out the charts of BMBL so investing can be less of a blind date.
In this daily bar chart of BMBL, below, we can see that prices are down from their IPO but Thursday’s trading could mark the end of weakness. BMBL had a large outside day and higher close yesterday. Older futures traders would have turned bullish on this move. Prices rallied above the short 20-day moving average line and tested the 50-day line.
The On-Balance-Volume (OBV) line turned upwards and the Moving Average Convergence Divergence (MACD) …….