Should You Buy 1st Source (SRCE) After Golden Cross?

Core Viewpoint - 1st Source Corporation (SRCE) has reached a significant support level, indicating a potential bullish breakout due to a "golden cross" formation in its moving averages [1] Technical Analysis - SRCE's 50-day simple moving average has recently crossed above its 200-day moving average, a pattern known as a "golden cross," which is typically seen as a bullish signal [1] - The golden cross pattern consists of three stages: a downtrend that bottoms out, a crossover of the shorter moving average over the longer one, and an upward price movement [2] Performance Metrics - Over the past four weeks, SRCE shares have increased by 9.6%, suggesting positive momentum [3] - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating strong potential for further gains [3] Earnings Expectations - Recent earnings expectations for SRCE show one upward revision with no downward changes in the last 60 days, contributing to a more bullish outlook [3] - The Zacks Consensus Estimate for SRCE has also increased, reinforcing the positive sentiment around the stock [3] Investment Consideration - Given the technical indicators and positive earnings revisions, SRCE may present a compelling opportunity for investors looking for potential gains in the near future [5]