Technical Analysis - Adidas AG (ADDYY) 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][2] - The stock has moved 9% higher over the last four weeks, suggesting upward momentum [4] Earnings Outlook - The earnings outlook for ADDYY is positive, with no earnings estimates cut and two revisions higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [4][5] - Currently, ADDYY holds a 3 (Hold) rating on the Zacks Rank, indicating a neutral stance from analysts [4] Investment Consideration - The combination of positive earnings estimate revisions and the technical breakout suggests that investors should monitor ADDYY for potential gains in the near future [5]
Adidas AG (ADDYY) Just Flashed Golden Cross Signal: Do You Buy?