Should You Buy SES AI Corporation (SES) After Golden Cross?
SES AI SES AI (US:SES) ZACKS·2025-06-05 14:55

Core Viewpoint - SES AI Corporation (SES) is showing potential for a bullish breakout due to a recent "golden cross" in its moving averages, indicating a key technical support level has been reached [1] Technical Analysis - SES's 50-day simple moving average has crossed above its 200-day simple moving average, a pattern known as a "golden cross," which is typically seen as a bullish signal [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, SES has experienced an 18.2% gain, positioning it at a 2 (Buy) on the Zacks Rank, suggesting further breakout potential [3] - Earnings expectations for SES are positive, with two upward revisions in estimates for the current quarter and no downward revisions over the past 60 days, indicating a bullish trend [3][5]