SkyWater Technology, Inc. (SKYT) Crossed Above the 200-Day Moving Average: What That Means for Investors

Group 1 - SkyWater Technology, Inc. (SKYT) has reached a significant support level and is considered a good investment pick from a technical perspective [1] - SKYT recently broke through the 200-day moving average, indicating a long-term bullish trend [1][2] - Over the past four weeks, SKYT has gained 34.3%, and it is currently ranked a Zacks Rank 1 (Strong Buy), suggesting potential for further price increases [2] Group 2 - The bullish outlook for SKYT is reinforced by positive earnings estimate revisions, with 2 higher estimates compared to none lower for the current fiscal year [3] - The consensus earnings estimate for SKYT has also moved up, indicating positive sentiment among analysts [3] - Given the combination of earnings estimate revisions and positive technical indicators, SKYT may present further investment opportunities in the near future [3]