TAL Education (TAL) Just Flashed Golden Cross Signal: Do You Buy?

Group 1 - TAL Education Group (TAL) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a "golden cross" formation [1] - The golden cross is characterized by the 50-day simple moving average breaking above the 200-day moving average, indicating a potential bullish breakout [1] - TAL has experienced a rally of 34% over the past four weeks, suggesting a strong upward momentum [3] Group 2 - The golden cross consists of three key stages: a downtrend that bottoms out, a crossover of the shorter moving average above the longer moving average, and a subsequent upward price movement [2] - The current Zacks Rank for TAL is 3 (Hold), indicating a potential for breakout given the positive earnings outlook for the current quarter [3] - No earnings estimates for TAL have decreased in the past two months, with one revision higher, and the Zacks Consensus Estimate has also increased [3] Group 3 - Investors are encouraged to consider adding TAL to their watchlist due to the important technical indicator and the positive movement in earnings estimates [4]