Should You Buy Clean Energy Fuels (CLNE) After Golden Cross?

Core Viewpoint - Clean Energy Fuels Corp. (CLNE) has reached a significant support level and is considered a good investment opportunity from a technical perspective due to the recent "golden cross" formation in its moving averages [1]. 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), indicating a potential bullish breakout [1][2]. - The formation of a golden cross typically follows three stages: a downtrend, the crossover of moving averages, and an upward price movement [2]. Performance Metrics - CLNE shares have increased by 8.7% over the past four weeks, indicating positive momentum [3]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for further gains [3]. Earnings Outlook - There have been no upward revisions to earnings estimates in the past 60 days, but the Zacks Consensus Estimate has increased, supporting a positive earnings outlook for the current quarter [3][4]. - The combination of earnings estimate revisions and the technical breakout position strengthens the bullish case for CLNE [4].