Should You Buy Hancock Whitney (HWC) After Golden Cross?

Core Viewpoint - Hancock Whitney Corporation (HWC) is identified as a potential stock pick due to a recent "golden cross" event, indicating a bullish trend from a technical perspective [1]. Technical Analysis - A "golden cross" occurs when a short-term moving average, typically the 50-day, crosses above a long-term moving average, such as the 200-day, suggesting a potential bullish breakout [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and a subsequent upward price movement [3]. - The golden cross is contrasted with a "death cross," which indicates potential bearish momentum [3]. Performance Metrics - HWC has seen an 11.8% increase in stock price over the past four weeks, indicating positive momentum [4]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it may be positioned for further breakout [4]. Earnings Outlook - HWC's earnings outlook is positive, with three upward revisions in earnings estimates over the past 60 days, compared to no downward revisions [4]. - The Zacks Consensus Estimate for HWC has also increased, reinforcing the bullish sentiment around the stock [4][5].