After Golden Cross, East West Bancorp (EWBC)'s Technical Outlook is Bright

Group 1 - East West Bancorp, Inc. (EWBC) has reached a key level of support, indicated by a "golden cross" where the 50-day simple moving average has crossed above the 200-day simple moving average [1][2] - A golden cross is a bullish technical chart pattern that suggests a potential breakout, typically involving a short-term moving average crossing above a longer-term moving average [2][3] - EWBC has experienced a 13.6% increase over the last four weeks, indicating strong upward momentum [4] Group 2 - The company has a positive earnings outlook for the current quarter, with two upward revisions in earnings estimates over the past 60 days [4] - The Zacks Consensus Estimate for EWBC has also increased, reinforcing the bullish sentiment around the stock [4][5] - Investors are encouraged to monitor EWBC for potential gains due to the combination of technical indicators and positive earnings revisions [5]