Core Viewpoint - Polaris Inc. (PII) is showing potential for a bullish breakout due to a recent technical indicator known as a "golden cross," where the 50-day simple moving average has crossed above the 200-day moving average [1]. Technical Analysis - A golden cross indicates a potential bullish breakout, characterized by a short-term moving average crossing above a long-term moving average, typically the 50-day and 200-day [1]. - The formation of a golden cross follows three stages: a downtrend that bottoms out, the crossover of moving averages, and an upward price movement [2]. Recent Performance - PII has moved 8.8% higher over the last four weeks, suggesting a positive momentum [3]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating a neutral outlook [3]. Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with two revisions higher in the past 60 days, contributing to a positive earnings outlook [3]. - The Zacks Consensus Estimate for earnings has also increased, reinforcing the bullish case for PII [5].
Polaris Inc (PII) Just Flashed Golden Cross Signal: Do You Buy?