Should You Buy Alpine Income (PINE) After Golden Cross?

Core Viewpoint - Alpine Income Property Trust, Inc. (PINE) is showing potential for a bullish breakout due to a recent "golden cross" in its moving averages, indicating a key level of support has been reached [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 trend may be forthcoming [2]. - The successful formation of a golden cross involves three stages: the stock price bottoms out, the shorter moving average crosses above the longer one, and the stock maintains upward momentum [3]. Performance Metrics - PINE shares have increased by 11.8% over the past four weeks, indicating positive momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting strong potential for further gains [4]. Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with four revisions upward in the past 60 days, indicating a positive earnings outlook [4]. - The Zacks Consensus Estimate for earnings has also increased, reinforcing the bullish sentiment around PINE [4][6].