Sony (SONY) Now Trades Above Golden Cross: Time to Buy?

Group 1 - Sony Corporation (SONY) has reached a key level of support, indicating a potential bullish breakout [1] - The company's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross" [1] - A golden cross is characterized by a downtrend followed by a crossover of short-term moving average over long-term moving average, leading to a trend reversal and upward price movement [1] Group 2 - Sony's stock has moved 8.7% higher over the last four weeks, suggesting positive momentum [1] - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating a neutral outlook [1] - Positive earnings outlook for the current quarter is supported by no downward revisions in earnings estimates and an increase in the Zacks Consensus Estimate [2]