Upwork (UPWK) Now Trades Above Golden Cross: Time to Buy?

Core Viewpoint - Upwork Inc. (UPWK) has reached a significant support level and is considered a potential investment opportunity due to a recent "golden cross" technical pattern, indicating a bullish breakout may be forthcoming [1][2] Technical Analysis - UPWK's 50-day simple moving average has recently crossed above its 200-day moving average, forming a "golden cross," which is a bullish signal for traders [1] - A successful golden cross event typically involves three stages: a price bottom, the shorter moving average crossing above the longer moving average, and the stock maintaining upward momentum [1] - UPWK shares have increased by 51.6% over the past four weeks, reinforcing the bullish outlook [1] Earnings Outlook - The earnings outlook for UPWK is positive, with two upward revisions in earnings estimates over the past 60 days and no downward revisions [2] - The Zacks Consensus Estimate for UPWK has also increased, further supporting the bullish case for the stock [2]