Core & Main (CNM) Recently Broke Out Above the 200-Day Moving Average

Core Insights - Core & Main (CNM) has reached a significant support level and crossed above the 200-day moving average, indicating a long-term bullish trend [1] - CNM shares have increased by 11.6% over the past four weeks, reflecting positive market momentum [2] - The company currently holds a Zacks Rank 3 (Hold), suggesting potential for continued growth [2] Earnings Estimates - There have been three upward revisions in earnings estimates for CNM for the current fiscal year, with no downward revisions, indicating positive sentiment among analysts [3] - The consensus earnings estimate for CNM has also increased, further supporting the bullish outlook [3] Technical Indicators - The 200-day simple moving average is a key technical indicator that helps establish long-term market trends and serves as a support or resistance level [2] - The recent price movements and technical indicators suggest that CNM may be positioned for further gains in the near future [3]