Shoals Technologies (US:SHLS) ZACKSยท2025-06-27 14:55Core Insights - Shoals Technologies Group, Inc. (SHLS) has reached an important support level and is considered a good stock pick from a technical perspective due to a recent "golden cross" event [1] - A golden cross is a bullish technical chart pattern indicating a potential breakout when a stock's short-term moving average surpasses its long-term moving average, typically involving the 50-day and 200-day averages [2] - The successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer one, and maintaining upward momentum [3] Technical Performance - Over the past four weeks, SHLS has gained 13.2%, indicating positive momentum [4] - The stock currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it may be poised for a breakout [4] - The bullish outlook is further supported by positive earnings revisions, with no earnings estimates cut and three revisions higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [4] Future Outlook - Investors are encouraged to monitor SHLS for potential gains in the near future, given its key technical level and positive earnings estimate revisions [6]