Should You Buy Alphabet Inc. (GOOG) After Golden Cross?

Core Viewpoint - Alphabet Inc. (GOOG) is showing potential for a bullish breakout after experiencing a "golden cross" event, indicating a favorable technical position for investors [1][2]. Technical Analysis - A "golden cross" occurs when a short-term moving average, specifically the 50-day, crosses above a long-term moving average, such as the 200-day, suggesting a potential bullish trend [2][3]. - The formation of a golden cross typically involves three stages: a downtrend that bottoms out, the crossover of moving averages, and a subsequent upward price movement [3]. Recent Performance - GOOG has increased by 8.9% over the last four weeks, indicating positive momentum [4]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, reflecting a neutral outlook [4]. Earnings Expectations - There have been 15 upward revisions in earnings expectations for the current quarter, with no downward revisions in the past 60 days, which supports the bullish sentiment [4]. - The Zacks Consensus Estimate for GOOG has also increased, further reinforcing the positive outlook for the stock [4][5]. Investment Consideration - The combination of favorable earnings estimate revisions and the technical breakout suggests that investors should monitor GOOG for potential gains in the near future [5].