PennyMac Mortgage (PMT) Just Overtook the 200-Day Moving Average

Group 1 - PennyMac Mortgage (PMT) has surpassed resistance at the 200-day moving average, indicating a long-term bullish trend [1] - PMT has moved 11.3% higher over the last four weeks, suggesting potential for further rallies [2] - The company is currently rated as a Zacks Rank 3 (Hold) stock [2] Group 2 - Positive earnings estimate revisions support the bullish case for PMT, with no estimates decreasing in the past two months and two estimates increasing [3] - The consensus estimate for PMT has also increased, reinforcing the positive outlook [3] - Investors are encouraged to consider PMT for their watchlist due to the important technical indicators and favorable earnings revisions [3]