T. Rowe Price (TROW) Crossed Above the 20-Day Moving Average: What That Means for Investors

Technical Analysis - T. Rowe Price (TROW) 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 useful tool for short-term traders as it smooths out price trends and provides more trend reversal signals compared to longer-term moving averages [2] Performance Metrics - TROW has moved 7.1% higher over the last four weeks, suggesting potential for further gains [4] - The company currently holds a Zacks Rank 1 (Strong Buy), indicating strong investor interest [4] Earnings Estimates - There have been positive earnings estimate revisions for TROW, with no estimates decreasing in the past two months and seven estimates increasing, leading to a higher consensus estimate [4][5] - The combination of positive technical factors and earnings estimate revisions suggests that TROW may continue to see gains in the near future [5]