Should You Buy AXT (AXTI) After Golden Cross?

Group 1 - AXT Inc (AXTI) 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" which is a bullish signal for potential breakout [1] - The golden cross consists of three stages: a downtrend that bottoms out, the shorter moving average crossing above the longer moving average, and the stock continuing to rise [2] - AXTI shares have increased by 24.7% over the past four weeks, and the company holds a 3 (Hold) rating on the Zacks Rank, suggesting a potential breakout [3] Group 2 - The positive earnings outlook for AXTI is supported by no earnings estimate cuts and one revision higher in the past 60 days, with the Zacks Consensus Estimate also increasing [3] - The combination of earnings estimate revisions and the technical level achieved makes AXTI a stock to watch for potential gains in the near future [4]