Should You Buy Strattec Security (STRT) After Golden Cross?

Technical Analysis - Strattec Security Corporation (STRT) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - STRT's 50-day simple moving average has recently broken above its 200-day moving average, forming a "golden cross," which is a bullish indicator [1] - A successful golden cross event consists of three stages: a price bottom, the shorter moving average crossing above the longer moving average, and maintaining upward momentum [2] Performance Metrics - STRT has experienced a rally of 17.3% over the past four weeks, suggesting strong performance [3] - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating positive market sentiment [3] Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with one revision higher in the past 60 days, indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for STRT has also increased, further solidifying the bullish case for the company [3][4]