Should You Buy SunCoke Energy (SXC) After Golden Cross?

Group 1 - SunCoke Energy, Inc. (SXC) has reached a significant support level and is considered a good investment pick from a technical perspective due to a "golden cross" formation, where the 50-day simple moving average has broken above the 200-day 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 [2] - SXC shares have increased by 26.9% over the past four weeks, and the company holds a 2 (Buy) rating on the Zacks Rank, indicating potential for a breakout [3] Group 2 - There has been one upward revision in earnings estimates for SXC over the past 60 days, with no downward revisions, and the Zacks Consensus Estimate has also increased [4] - The technical indicators suggest that investors should consider adding SXC to their watchlist due to the positive movement in earnings estimates and the significance of the golden cross [4]