TransAct Technologies Incorporated (TACT)'s Technical Outlook is Bright After Key Golden Cross

Technical Analysis - TransAct Technologies Incorporated (TACT) has reached a key level of support, indicated by a "golden cross" where its 50-day simple moving average has crossed above its 200-day simple moving average [1][2] - A golden cross is a bullish technical chart pattern that suggests a potential breakout, typically formed when a short-term moving average surpasses a long-term moving average [2] Price Movement - TACT shares have increased by 14.4% over the past four weeks, indicating positive momentum [4] - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further gains [4] Earnings Outlook - The earnings outlook for TACT is positive, with no downward revisions in earnings estimates over the past two months and one upward revision, leading to an increase in the Zacks Consensus Estimate [4][5] - Given the positive technical indicators and earnings estimate movements, TACT may present a compelling investment opportunity for future gains [5]