Should You Buy TEGNA Inc. (TGNA) After Golden Cross?

Technical Analysis - TEGNA Inc. (TGNA) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - A "golden cross" has occurred, where TGNA's 50-day simple moving average has broken above its 200-day moving average, suggesting a bullish breakout may be imminent [1] - The golden cross pattern typically indicates stronger breakouts due to the involvement of longer time periods [1] Market Performance - TGNA has experienced a rally of 24.8% over the past four weeks, indicating positive momentum [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it could be poised for further breakout [3] Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with one revision higher in the past 60 days, indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for TGNA has also increased, further solidifying the bullish case for the company [3] Investment Consideration - Given the technical indicators and positive movement in earnings estimates, investors are encouraged to consider adding TGNA to their watchlist [5]