StepStone Group Inc. (STEP) Just Flashed Golden Cross Signal: Do You Buy?

Core Insights - The bullish case for StepStone Group Inc. (STEP) is strengthened by positive earnings estimate revisions, with three upward revisions for the current fiscal year and no downward revisions [2] - STEP has surpassed its 20-day simple moving average, indicating a potential short-term bullish trend after reaching an important support level [3] - The stock has gained 6.3% over the past four weeks, and it is currently ranked as a Zacks Rank 1 (Strong Buy), suggesting further upward movement [6][7] Technical Analysis - The 20-day simple moving average is a useful tool for short-term traders, smoothing out price trends and providing more signals for trend reversals compared to longer-term averages [1] - A stock price above the 20-day moving average indicates a positive trend, while a price below it can signal a downward trend [5]