Should You Buy Bank First Corporation (BFC) After Golden Cross?

Core Viewpoint - Bank First National Corporation (BFC) has reached a significant support level and is considered a potential investment opportunity due to a recent "golden cross" technical indicator, suggesting a bullish breakout may be imminent [1] Technical Analysis - BFC's 50-day simple moving average has recently crossed above its 200-day moving average, indicating a "golden cross" which is a bullish signal for traders [1] - The formation of a golden cross typically involves three stages: a downtrend that bottoms out, a crossover of the shorter moving average above the longer one, and continued upward momentum [1] - In contrast, a "death cross" indicates potential bearish momentum, highlighting the significance of the golden cross for BFC [1] Performance Metrics - BFC has experienced a rally of 14.6% over the past four weeks, indicating strong upward momentum [1] - The company currently holds a 2 (Buy) rating on the Zacks Rank, further supporting the bullish outlook for BFC [1] Earnings Outlook - There have been no downward revisions in earnings estimates for BFC in the past two months, with one revision higher, indicating a positive earnings outlook [2] - The Zacks Consensus Estimate for BFC has also increased, reinforcing the bullish case for potential gains in the near future [2]