After Golden Cross, Nicolet Bankshares (NIC)'s Technical Outlook is Bright

Core Viewpoint - Nicolet Bankshares Inc. (NIC) is showing potential for a bullish breakout as it has reached a key support level and formed a "golden cross" in its moving averages [1][2]. Technical Analysis - A "golden cross" occurs when a short-term moving average (50-day) crosses above a long-term moving average (200-day), indicating a potential bullish trend [2]. - The formation of a golden cross typically follows three stages: a downtrend that bottoms out, the crossover of moving averages, and subsequent upward price momentum [3]. Performance Metrics - NIC shares have increased by 16.7% over the past four weeks, indicating positive momentum [4]. - The company holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting strong investor confidence and potential for further gains [4]. Earnings Expectations - Recent earnings estimate revisions show one upward change with no downward revisions in the last 60 days, contributing to a bullish outlook [4]. - The Zacks Consensus Estimate for NIC has also increased, reinforcing the positive sentiment around the stock [4][5].