Celestica (CLS) Just Flashed Golden Cross Signal: Do You Buy?

Technical Analysis - Celestica (CLS) has recently reached a key level of support and has overtaken the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average is a popular trading tool that smooths out price fluctuations and provides trend reversal signals, beneficial for short-term traders [1][2] Stock Performance - Over the past four weeks, CLS has gained 13.3%, suggesting positive momentum [2] - The company is currently ranked a Zacks Rank 2 (Buy), indicating strong potential for further stock price increases [2] Earnings Estimates - Positive earnings estimate revisions support the bullish case for CLS, with no earnings estimates lowered in the past two months and one estimate raised for the current fiscal year [3] - The consensus estimate for CLS has also increased, reinforcing the positive outlook for the company [3]