Despegar.com (DESP) Recently Broke Out Above the 20-Day Moving Average

Group 1 - Despegar.com (DESP) has reached a key level of support and crossed above the 20-day moving average, indicating a short-term bullish trend [1][3] - The 20-day simple moving average (SMA) is a popular trading tool that smooths out short-term price trends and signals trend reversals [2] - Over the past four weeks, DESP has gained 5.7%, with a current price of 12.71 and a 20-day SMA of 12.286 [3] Group 2 - Positive earnings estimate revisions for DESP have occurred, with more revisions higher for the current fiscal year and no lower revisions [4] - The consensus earnings estimate has also moved up, suggesting potential for further gains [4]