Should You Buy Medpace (MEDP) After Golden Cross?

Group 1 - Medpace Holdings, Inc. (MEDP) has reached an important support level and is considered a good stock pick from a technical perspective due to a recent "golden cross" event [1] - A golden cross is a bullish technical chart pattern formed when a short-term moving average, such as the 50-day, crosses above a longer-term moving average like the 200-day, indicating potential for a bullish breakout [2] - The golden cross pattern consists of three stages: a downtrend followed by a crossover of moving averages, and finally an upward price movement [3] Group 2 - MEDP shares have increased by 34.3% over the past four weeks, and the company holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting a potential breakout [4] - The positive earnings outlook for MEDP is supported by five upward revisions in earnings estimates over the past 60 days, with no downward revisions, leading to an increase in the Zacks Consensus Estimate [4] - Investors are encouraged to monitor MEDP for further gains due to its key technical level and favorable earnings estimate revisions [5]