Should You Buy Globus Medical (GMED) After Golden Cross?

Core Viewpoint - Globus Medical, Inc. (GMED) is showing potential as a strong stock pick due to a recent "golden cross" event, indicating a bullish trend reversal [1][2]. Technical Indicators - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout is likely [2]. - The golden cross pattern consists of three stages: a downtrend followed by a crossover of moving averages, and finally an upward price movement [3]. Performance Metrics - Over the past four weeks, GMED has experienced a significant price increase of 38.1% [4]. - GMED currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating strong potential for further price appreciation [4]. Earnings Outlook - The earnings outlook for GMED is positive, with four upward revisions in earnings estimates over the past 60 days, and no downward revisions [4]. - The Zacks Consensus Estimate for GMED has also increased, reinforcing the bullish sentiment around the stock [4]. Investment Consideration - Given the technical indicators and positive earnings revisions, GMED should be considered for inclusion on investors' watchlists [6].