After Golden Cross, Mueller Water Products (MWA)'s Technical Outlook is Bright

Core Viewpoint - MUELLER WATER PRODUCTS (MWA) is showing potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend may be forthcoming [1][2]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout [2]. - The formation of a golden cross typically follows three stages: a downtrend that bottoms out, the crossover of moving averages, and continued upward momentum [3]. Recent Performance - MWA has experienced a 7% rally over the past four weeks, indicating positive momentum [4]. - The stock currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it may be positioned for a breakout [4]. Earnings Outlook - MWA's earnings outlook for the current quarter is positive, with two upward revisions in estimates over the past 60 days, compared to no downward revisions [4]. - The Zacks Consensus Estimate for MWA has also increased, reinforcing the bullish sentiment [4][6].