Should You Buy O-I Glass (OI) After Golden Cross?

Technical Analysis - O-I Glass, Inc. (OI) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a "golden cross" formation, where the 50-day simple moving average has broken above the 200-day moving average [1] - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [2] Performance Metrics - Over the past four weeks, OI has gained 20.6%, indicating strong performance [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for a breakout [3] Earnings Expectations - There have been three upward changes in earnings expectations for the current quarter, with no downward changes in the past 60 days, leading to an increase in the Zacks Consensus Estimate [3] - The positive technical factors combined with the move in earnings estimates suggest that investors may want to keep an eye on OI for potential gains in the near future [5]