Baxter International (BAX) Recently Broke Out Above the 200-Day Moving Average

Technical Analysis - Baxter International (BAX) has recently reached a key level of support and has overtaken the 200-day moving average, indicating a long-term bullish trend [1] - The 200-day simple moving average is a useful tool for determining long-term market trends and serves as a support or resistance level [1] Stock Performance - Shares of BAX have increased by 5.3% over the past four weeks [1] - The company currently holds a Zacks Rank 3 (Hold), suggesting potential for continued upward movement [1] Earnings Estimates - There have been 8 upward revisions in earnings estimates for the current fiscal year, with no downward revisions, indicating strong investor confidence [1] - The consensus earnings estimate for BAX has also moved up, further supporting the bullish outlook [1] Investment Consideration - Investors are encouraged to consider adding BAX to their watchlist due to the positive technical indicators and earnings estimate revisions [2]