Should You Buy DIRTT Environmental Solutions Ltd. (DRTTF) After Golden Cross?

Core Viewpoint - DIRTT Environmental Solutions Ltd. (DRTTF) is showing potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend may be forthcoming [1][2]. Technical Analysis - 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 [2]. - The formation of a golden cross typically follows three stages: a downtrend that bottoms out, the crossover of moving averages, and subsequent upward momentum [3]. Recent Performance - DRTTF shares have increased by 8% over the past four weeks, indicating positive momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be positioned for further gains [4]. Earnings Outlook - There has been one upward revision in earnings estimates for DRTTF over the past 60 days, with no downward revisions, indicating a positive earnings outlook for the current quarter [4]. - The Zacks Consensus Estimate for DRTTF has also increased, reinforcing the bullish sentiment [5].