Central Pacific Financial (CPF) Now Trades Above Golden Cross: Time to Buy?

Core Viewpoint - CPB Inc. (CPF) has reached a significant support level and is considered a good investment opportunity from a technical perspective due to the recent "golden cross" formation [1] Technical Analysis - CPF's 50-day simple moving average has broken above its 200-day moving average, indicating a bullish breakout [1] - A golden cross is characterized by a downtrend followed by a crossover of the shorter moving average over the longer one, leading to a potential trend reversal [2] Performance Metrics - CPF has experienced a rally of 13.2% over the past four weeks, suggesting positive momentum [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating potential for further gains [3] Earnings Outlook - Positive earnings outlook for the current quarter, with no downward revisions in earnings estimates over the past two months and an increase in the Zacks Consensus Estimate [3][4] - The combination of earnings estimate revisions and technical indicators suggests that CPF may continue to see gains in the near future [4]