Trip.com (TCOM) Just Flashed Golden Cross Signal: Do You Buy?

Group 1 - Trip.com Group Limited Sponsored ADR (TCOM) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - TCOM's 50-day simple moving average has recently broken above its 200-day moving average, forming a "golden cross," which is a bullish signal [1] - A golden cross consists of three stages: a downtrend that bottoms out, a crossover of the short-term moving average above the long-term moving average, and continued upward momentum [1] Group 2 - TCOM has experienced a 6% rally over the past four weeks, and it currently holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting a potential breakout [2] - The positive earnings outlook for TCOM supports the bullish case, with no earnings estimates decreasing in the past two months and one revision higher [2] - The Zacks Consensus Estimate for TCOM has increased, further indicating potential gains for investors [2]