Should You Buy Credo Technology Group Holding Ltd. (CRDO) After Golden Cross?

Group 1 - Credo Technology Group Holding Ltd. (CRDO) has reached a key level of support, with its 50-day simple moving average crossing above its 200-day simple moving average, indicating a "golden cross" [1] - A golden cross is a technical chart pattern that suggests a bullish breakout may be imminent, typically involving the 50-day and 200-day moving averages [1][2] - CRDO shares have increased by 22.2% over the past four weeks, and the company holds a 1 (Strong Buy) rating on the Zacks Rank, indicating potential for further upward movement [3] Group 2 - The earnings expectations for CRDO have improved, with four upward revisions and no downward changes in the past 60 days, leading to an increase in the Zacks Consensus Estimate [3] - Investors are encouraged to consider adding CRDO to their watchlist due to the significant technical indicator and positive earnings estimate trends [3]