Phreesia(PHR) ZACKS·2025-01-08 16:06Technical Analysis - Phreesia Inc (PHR) has reached a key technical support level with its 50-day simple moving average crossing above its 200-day simple moving average, forming a "golden cross" [1] - A golden cross is a bullish technical chart pattern indicating potential upward momentum, typically involving the 50-day and 200-day moving averages [2] - The golden cross pattern consists of three stages: a downtrend bottoming out, a crossover of moving averages triggering a positive trend reversal, and continued upward momentum [3] Recent Performance - PHR has gained 11.8% over the past four weeks [4] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for a breakout [4] Earnings Outlook - PHR has a positive earnings outlook with no earnings estimate cuts for the current quarter and 5 upward revisions in the past 60 days [4] - The Zacks Consensus Estimate for PHR has increased [4] Investment Consideration - Investors may consider PHR for potential gains due to its technical indicators and positive earnings estimate revisions [5]