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Should You Buy Quad/Graphics (QUAD) After Golden Cross?
Quad/GraphicsQuad/Graphics(US:QUAD) ZACKSยท2024-11-08 15:55

Core Viewpoint - Quad Graphics, Inc (QUAD) is identified as a potential stock pick due to a recent "golden cross" event, indicating a bullish breakout possibility [1][2] Technical Analysis - QUAD's 50-day simple moving average has recently crossed above its 200-day simple moving average, forming a "golden cross" [1] - A golden cross typically signifies a potential bullish trend reversal, consisting of three stages: a downtrend, a crossover of moving averages, and continued upward momentum [1] - QUAD has experienced a price rally of 38.5% over the past four weeks, suggesting strong upward momentum [1] Earnings Outlook - The earnings outlook for QUAD is positive, with no earnings estimates cut and one revision higher in the past 60 days [2] - The Zacks Consensus Estimate for QUAD has also increased, reinforcing the bullish sentiment [2] Investment Consideration - Given the technical indicators and positive earnings revisions, investors are encouraged to consider adding QUAD to their watchlist [2]