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Great Southern Bancorp (GSBC)'s Technical Outlook is Bright After Key Golden Cross
Great Southern BancorpGreat Southern Bancorp(US:GSBC) zacks.comยท2024-05-16 14:55

Technical Analysis - Great Southern Bancorp, Inc. (GSBC) has reached a key level of support, indicated by a "golden cross" where its 50-day simple moving average has crossed above its 200-day simple moving average [1][2] - A golden cross is a bullish indicator that suggests a potential breakout, typically formed when a stock's short-term moving average surpasses a longer-term moving average [2] Market Performance - Over the past four weeks, GSBC has gained 5.9%, suggesting positive momentum [4] - The stock currently holds a 3 (Hold) rating on the Zacks Rank, indicating potential for further gains [4] Earnings Outlook - GSBC's earnings outlook for the current quarter appears positive, with no earnings estimates decreasing in the past two months and two revisions higher [4] - The Zacks Consensus Estimate for earnings has also increased, reinforcing the bullish sentiment around GSBC [4]