SkyWest (SKYW) Crossed Above the 20-Day Moving Average: What That Means for Investors

Technical Analysis - SkyWest (SKYW) has reached an important support level and surpassed resistance at the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average (SMA) is favored by traders for its ability to smooth out price fluctuations and provide trend reversal signals [2] Stock Performance - Over the past four weeks, SKYW shares have increased by 5.4% [4] - The company currently holds a Zacks Rank 1 (Strong Buy), suggesting potential for continued stock price appreciation [4] Earnings Estimates - There have been positive earnings estimate revisions for SKYW, with no estimates decreasing in the past two months and three estimates increasing [4] - The consensus estimate for the current fiscal year has also risen, reinforcing the bullish outlook for the company [4] Investment Outlook - Investors are encouraged to monitor SKYW for potential gains due to its key technical level and favorable earnings estimate revisions [5]