Red Violet, Inc. (RDVT)'s Technical Outlook is Bright After Key Golden Cross

Core Viewpoint - Red Violet, Inc. (RDVT) is showing potential for bullish movement due to a recent "golden cross" in its moving averages, indicating a possible breakout [1][2] Technical Analysis - RDVT's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross" [1] - This technical pattern is typically associated with bullish breakouts, as it suggests a positive trend reversal [1] - The stock has increased by 18.8% over the past four weeks, indicating upward momentum [1] Earnings Outlook - The earnings outlook for RDVT is positive, with no earnings estimates decreasing in the past two months and one revision higher [1] - The Zacks Consensus Estimate for earnings has also increased, further supporting the bullish case for RDVT [1]