EverQuote (EVER) Now Trades Above Golden Cross: Time to Buy?

Core Viewpoint - EverQuote, Inc. (EVER) shows 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 successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer one, and the stock maintaining upward momentum [3]. Performance Metrics - Over the past four weeks, EVER has increased by 9.6%, and it currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating strong potential for a breakout [4]. - Earnings expectations for EVER are positive, with six upward revisions and no downward changes in estimates over the past 60 days, leading to an increase in the Zacks Consensus Estimate [4]. Investment Consideration - Given the significant technical indicator and the positive movement in earnings estimates, investors are encouraged to consider adding EVER to their watchlist [6].