Dave Inc. (DAVE) Now Trades Above Golden Cross: Time to Buy?

Technical Analysis - Dave Inc. (DAVE) has recently experienced a "golden cross" event, indicating a potential bullish breakout as its 50-day simple moving average has crossed above its 200-day simple moving average [1][2] - A golden cross is characterized by three stages: a downtrend followed by a crossover of the shorter moving average over the longer one, and finally an upward price movement [3] Performance Metrics - DAVE has rallied 37% over the past four weeks, suggesting strong momentum [4] - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating positive market sentiment [4] Earnings Outlook - There has been a positive earnings outlook for DAVE, with no earnings estimates decreasing in the past two months and two revisions higher [4] - The Zacks Consensus Estimate for earnings has also increased, further solidifying the bullish case for DAVE [4]