Powell Industries (POWL) Crossed Above the 20-Day Moving Average: What That Means for Investors

Technical Analysis - Powell Industries (POWL) has recently reached a key level of support and has overtaken the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average is a popular trading tool that smooths out price fluctuations and provides trend reversal signals, beneficial for short-term traders [2] Stock Performance - Shares of POWL have increased by 9.3% over the past four weeks, suggesting positive momentum [4] - The company currently holds a Zacks Rank 3 (Hold), indicating potential for continued upward movement [4] Earnings Estimates - There have been two upward revisions in earnings estimates for the current fiscal year, with no downward revisions, leading to an increase in the consensus estimate [4] - The positive revisions in earnings estimates strengthen the bullish case for POWL [4] Investment Consideration - Given the important technical indicators and positive earnings estimate revisions, POWL should be considered for a watchlist by investors [5]