Consolidated Edison (ED) Just Overtook the 200-Day Moving Average

Core Viewpoint - Consolidated Edison (ED) is showing potential as a strong investment opportunity due to its recent technical indicators and positive earnings estimate revisions [1][2]. Technical Analysis - ED has recently reached a key level of support and has surpassed the 200-day moving average, indicating a long-term bullish trend [1]. - The 200-day simple moving average serves as a significant indicator for determining overall long-term market trends, acting as a support or resistance level [1]. Stock Performance - Over the past four weeks, ED's shares have increased by 6.6% [2]. - The current Zacks Rank for ED is 3 (Hold), suggesting the stock may continue to rise [2]. Earnings Estimates - There has been one upward revision in earnings estimates for the current fiscal year, with no downward revisions, indicating a positive outlook [2]. - The consensus estimate for earnings has also moved upward, reinforcing the bullish sentiment [2]. Investment Consideration - Given the positive technical indicators and earnings estimate revisions, ED should be considered for inclusion on investors' watchlists [3].