the technicals as interpreted by dan fitzpatrick indicate the stock could pull back more from here, soou might want to wait for that, but if it does, you have to buy it, because he thinks diana shipping is a $9 and change name that may be heading to $14, keeping with my view that this group is back. and for speculators, just speculators, it might be along with the airlines and the mortgage insurers the best place to play this market right now. after the break i'll try to make you more money. >>> coming up, bill of health? all week, cramer's checking out the cutting-edge science behind some of the biggest players in the biotech industry. tonight, a company forming a pipeline to fight devastating diseases. is it time to get behind their efforts? ♪ >>> people don't realize this today, but back in the 1990s, the big pharma names, stocks, they weren't synonymous with safety dividend yields like they are now. they were actually synonymous with growth. ♪ hallelujah at that time, the major drug companies were innovation factories, constantly churning out new and better drugs. and best of all,

with help of dan fitzpatrick, my colleague at thestreet.com.zpatrick likes diana because it's broken out from a huge, long-term down trend and it's now very much in bull market mode to the point where any pullback should be used as a buying opportunity, not a reason to freak out and sell the darn thing. believe me, the chart is driving the action here, everybody. it is. until the fundamentals kick in. as is so often the case when stocks are bottoming. the chart bottoms ahead of the fundies. it happens over and over again. first off, take a gander at diana's weekly chart. you can see this stock has been locked into a multiyear downtrend, going all the way back to 2008. this is a sickening downtrend. compare this to clorox and kimberly-clark or something. this is where the 40-week or 200-day minimum average represented a strong ceiling of resistance that kept diana shipping down the whole way lower. fitzpatrick points out that the final washout for the bulls happened back in late july of last year. this is when diana bottomed. right then. i mean,

dan fitzpatrick is technical analyst at stock market mentor dotcom.u're saying charts mean we're going higher. >> yeah. it's not, you know, the s&p -- we just had a new high in the dow. s&p is right back to where it was a couple times over the last several years. it's not unusual to see a few wiggles in the prices at this point. ultimately this is a head and shoulder continuation pattern. i think you've got it on one of the charts there, this is a -- i think this is the minimum. this is the minimum move here, right at 1547, 1550, but the way this is set up, we've really got a lot more upside. just based strictly on the s&p and we're not even talking about the other sectors yet. >> right. >> and what's leading you to this, correct me if i'm wrong, is the lack of any other major sector diverging from that, is that right? >> yeah. that's correct. and, when it looks -- when the future looks so bright you have to wear shades, as the old song goes, i'm dating myself, then you start worrying about some kind of top like oh, my gosh, you know, when things look