Lamb Weston (LW) Crossed Above the 20-Day Moving Average: What That Means for Investors

Technical Analysis - Lamb Weston (LW) has reached an important support level and surpassed resistance at the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average is a useful tool for short-term traders as it smooths out price trends and provides more trend reversal signals compared to longer-term moving averages [2] Stock Performance - Shares of LW have increased by 7.7% over the past four weeks, suggesting positive momentum [3] - The company currently holds a Zacks Rank 3 (Hold), indicating potential for continued gains [3] Earnings Estimates - There have been three upward revisions for LW's earnings estimates for the current fiscal year, with no downward revisions, leading to an increase in the consensus estimate [3] - The combination of positive earnings estimate revisions and technical indicators suggests that LW may experience further gains in the near future [4]