Pure Storage (PSTG) Recently Broke Out Above the 20-Day Moving Average

Core Viewpoint - Pure Storage (PSTG) is showing potential for a bullish trend as it has crossed above the 20-day moving average, indicating a key level of support [1][4] Technical Analysis - PSTG has recently crossed above the 20-day moving average, which is a significant indicator for short-term traders, suggesting a positive trend [1][2] - The stock has rallied 8.2% over the past four weeks, indicating upward momentum [4] Earnings Estimates - There have been no downward revisions in earnings estimates for PSTG in the past two months, with 9 estimates being revised higher, which strengthens the bullish outlook [4] - The consensus estimate for PSTG has also increased, further supporting the positive sentiment around the stock [4] Investment Consideration - Given the technical indicators and positive earnings estimate revisions, PSTG should be considered for a watchlist by investors [5]