Plains All American Pipeline(PAA) ZACKS·2025-01-14 15:56Technical Analysis - Plains All American Pipeline, L.P. (PAA) has reached an important support level and is considered a good stock pick from a technical perspective [1] - PAA recently experienced a "golden cross" event, where its 50-day simple moving average broke above its 200-day simple moving average, indicating a potential bullish breakout [1][2] Golden Cross Explanation - A golden cross is formed when a stock's short-term moving average crosses above a longer-term moving average, typically involving the 50-day and 200-day averages [2] - The formation of a golden cross consists of three stages: a downtrend that bottoms out, the crossover of moving averages, and continued upward momentum [3] Recent Performance and Outlook - Shares of PAA have increased by 8.3% over the past four weeks, indicating positive momentum [4] - The company holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4] - PAA's earnings outlook is positive, with no earnings estimates cut and one revision higher in the past 60 days, along with an increase in the Zacks Consensus Estimate [4]