Charts show Microsoft, Apple could be ready to surge and lead the market to new heights, Jim Cramer says

The two indexes are both less than 1% off their all-time closing high set in July, according to FactSet.

"If these two tech titans can break out to the upside here, Fitzpatrick thinks they'll pull the whole Dow higher," Cramer added, "and after looking at the charts, he likes the odds of a breakout." Shares of Microsoft also traded on lower-than-average volume last month, which Fitzpatrick thinks is a good sign, Cramer said, and another volatility gauge is showing that a big move could be ahead."When a stock is in consolidation, low volume means that big institutions aren't really selling the stock in any sort of quantity, they're just doing a bit of profit-taking," the host said.

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Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »