Core Viewpoint - Twilio Inc. (TWLO) is showing potential for a bullish breakout due to a recent "golden cross" in its moving averages, indicating a key technical support level has been reached [1][3] Technical Analysis - TWLO's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross," which is a bullish signal for traders [1] - A successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer moving average, and the stock maintaining upward momentum [2] Performance Metrics - TWLO has experienced a rally of 16.7% over the past four weeks, suggesting strong upward momentum [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating potential for further gains [3] Earnings Expectations - There have been 8 upward revisions in earnings expectations for the current quarter, with no downward revisions in the past 60 days, reinforcing the bullish outlook [3] - The Zacks Consensus Estimate for TWLO has also increased, further supporting the positive trend [3][5]
Twilio (TWLO) Now Trades Above Golden Cross: Time to Buy?