Should You Buy Ouster, Inc. (OUST) After Golden Cross?

Technical Analysis - Ouster, Inc. (OUST) 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 golden cross indicates a potential bullish breakout, typically formed when a stock's short-term moving average surpasses a longer-term moving average [1][2] Price Movement - OUST has experienced a notable price increase of 60.7% over the last four weeks, suggesting strong upward momentum [3] Earnings Outlook - The earnings outlook for OUST is positive, with no earnings estimates cut for the current quarter and two revisions higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [3] - OUST currently holds a 2 (Buy) rating on the Zacks Rank, further solidifying the bullish case for the stock [3] Investment Consideration - Given the positive technical factors and the favorable movement in earnings estimates, OUST may present an attractive opportunity for investors seeking potential gains in the near future [5]