SoFi Technologies, Inc. (SOFI) Recently Broke Out Above the 20-Day Moving Average

Core Viewpoint - SoFi Technologies, Inc. (SOFI) shows potential as a stock pick due to its recent technical indicators and positive earnings estimate revisions [1][3]. Technical Analysis - SOFI has surpassed resistance at the 20-day moving average, indicating a short-term bullish trend [1]. - The stock price has increased by 34.1% over the past four weeks, suggesting a positive momentum [2]. - A stock trading above the 20-day moving average is considered to have a positive trend, while falling below it can indicate a downward trend [2]. Earnings Estimates - There have been three upward revisions in earnings estimates for the current fiscal year, with no downward revisions in the past two months, indicating positive sentiment among analysts [3]. - The consensus estimate for SOFI has also increased, further supporting the bullish outlook [3]. Investment Consideration - Given the technical indicators and positive earnings revisions, SOFI is recommended for investors to consider adding to their watchlist [3].