Simply Good Foods (SMPL) Now Trades Above Golden Cross: Time to Buy?

Group 1 - The Simply Good Foods Company (SMPL) has recently experienced a "golden cross" event, indicating a potential bullish breakout as its 50-day simple moving average has crossed above its 200-day simple moving average [1] - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [1] - SMPL has moved 17.7% higher over the last four weeks, suggesting it may be on the verge of a breakout [1] Group 2 - The earnings outlook for SMPL is positive, with one upward revision in earnings estimates over the past 60 days and no downward revisions [2] - The Zacks Consensus Estimate for SMPL has also increased, reinforcing the bullish case for the stock [2] - Given the positive technical factors and earnings estimate movements, investors may want to monitor SMPL for potential gains in the near future [2]