Compass Minerals (CMP) Now Trades Above Golden Cross: Time to Buy?

Group 1 - Compass Minerals International, Inc. (CMP) has reached a significant support level and is considered a good investment pick from a technical perspective due to a "golden cross" formation [1] - A golden cross occurs when a stock's short-term moving average, such as the 50-day, crosses above its long-term moving average, like the 200-day, indicating a potential bullish breakout [1][2] - Over the past four weeks, CMP has gained 71.4%, and it currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [3] Group 2 - The bullish outlook for CMP is reinforced by a positive earnings forecast, with no earnings estimates cut and one revision higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [3][4] - The combination of earnings estimate revisions and the technical breakout position makes CMP a stock to watch for potential gains in the near future [4]