SkyWest (SKYW) Recently Broke Out Above the 200-Day Moving Average

Technical Analysis - SkyWest (SKYW) has surpassed resistance at the 200-day moving average, indicating a long-term bullish trend [1] - The 200-day simple moving average is a key tool for determining long-term market trends and serves as a support or resistance level [1] Stock Performance - SKYW shares have increased by 6.2% over the past four weeks [2] - The company currently holds a Zacks Rank 2 (Buy), suggesting potential for continued stock price growth [2] Earnings Estimates - There have been three positive earnings estimate revisions for SKYW for the current fiscal year, with no downward revisions [2] - The consensus earnings estimate for SKYW has also increased, strengthening the bullish outlook [2][3] Investment Outlook - The combination of positive earnings estimate revisions and technical indicators suggests that SKYW may offer further gains in the near future [3]