Core & Main (CNM) Just Overtook the 200-Day Moving Average

Core Perspective - Core & Main (CNM) has reached an important support level and surpassed resistance at the 200-day moving average, indicating a long-term bullish trend [1][2] Technical Analysis - The 200-day simple moving average is a widely-used indicator that helps establish market trends, serving as a support or resistance level [2] - CNM has experienced a rally of 12.4% over the past four weeks and currently holds a Zacks Rank 2 (Buy), suggesting potential for further upward movement [2] Earnings Estimates - Positive earnings estimate revisions for CNM strengthen the bullish outlook, with no estimates decreasing in the past two months and one estimate increasing, leading to a rise in the consensus estimate [3] - The combination of favorable technical factors and earnings estimate revisions indicates that CNM may present additional gains in the near future [3]