Central Garden (CENT)'s Technical Outlook is Bright After Key Golden Cross

Group 1 - Central Garden & Pet Company (CENT) has recently experienced a "golden cross" event, indicating a potential bullish breakout as its 50-day simple moving average has crossed above its 200-day simple moving average [1][2] - The stock has shown a positive trend, with shares increasing by 6.6% over the past four weeks, and it currently holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting further breakout potential [4] - The earnings outlook for CENT is positive, with no earnings estimates decreasing in the past two months and two revisions higher, leading to an increase in the Zacks Consensus Estimate [4][6] Group 2 - A golden cross event typically consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [3] - The golden cross is contrasted with a death cross, which indicates potential bearish momentum [3]