PagSeguro Digital Ltd. (PAGS) Crossed Above the 20-Day Moving Average: What That Means for Investors

Core Viewpoint - PagSeguro Digital Ltd. (PAGS) shows potential as a stock pick due to its recent technical performance and positive earnings estimate revisions [1][4]. Technical Analysis - PAGS has surpassed resistance at the 20-day moving average, indicating a short-term bullish trend [1]. - The stock has rallied 7.1% over the past four weeks, suggesting upward momentum [4]. - A price above the 20-day moving average is considered a positive trend, while a price below may indicate a downward trend [2]. Earnings Estimates - There have been three upward revisions for PAGS's earnings estimates for the current fiscal year, with no downward revisions, leading to a positive consensus estimate [4]. - The combination of positive technical factors and earnings estimate revisions suggests that PAGS may experience further gains in the near future [5].