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JBT Marel (JBTM) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-07-11 14:56
From a technical perspective, JBT Marel Corporation (JBTM) is looking like an interesting pick, as it just reached a key level of support. JBTM's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-t ...
After Golden Cross, GMS (GMS)'s Technical Outlook is Bright
ZACKS· 2025-07-11 14:56
After reaching an important support level, GMS Inc. (GMS) could be a good stock pick from a technical perspective. GMS recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages b ...
Shore Bancshares (SHBI) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-07-10 14:57
Core Viewpoint - Shore Bancshares Inc (SHBI) is showing potential for a bullish breakout due to a recent "golden cross" in its moving averages, indicating a key level of support and positive technical signals [1]. Technical Analysis - SHBI's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross," which is a significant bullish indicator [1]. - The golden cross pattern typically involves three stages: a downtrend followed by a crossover of the shorter moving average over the longer one, and finally, an upward price movement [2]. Performance Metrics - Over the past four weeks, SHBI shares have increased by 10% [3]. - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting strong potential for further gains [3]. Earnings Outlook - There has been one upward revision in earnings estimates for SHBI in the last 60 days, with no downward revisions, indicating a positive earnings outlook for the current quarter [3]. - The Zacks Consensus Estimate for SHBI has also increased, reinforcing the bullish sentiment around the stock [4].
Should You Buy Origin Bancorp (OBK) After Golden Cross?
ZACKS· 2025-07-10 14:57
Technical Analysis - Origin Bancorp, Inc. (OBK) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - OBK's 50-day simple moving average has recently crossed above its 200-day moving average, forming a "golden cross," which is a bullish signal [1] Golden Cross Characteristics - A golden cross consists of three stages: a downtrend that bottoms out, a shorter moving average crossing above a longer moving average, and a subsequent upward price movement [2] - This pattern is contrasted with a "death cross," which indicates potential bearish momentum [2] Performance and Outlook - OBK shares have increased by 6.3% over the past four weeks, suggesting positive momentum [3] - The company holds a 2 (Buy) rating on the Zacks Rank, indicating a strong potential for a breakout [3] - The earnings outlook for OBK is positive, with no earnings estimates cut and one revision higher in the past 60 days, along with an increase in the Zacks Consensus Estimate [3] Investment Consideration - Given the technical indicators and positive earnings estimates, OBK should be considered for an investment watchlist [4]
Amazon Golden Cross Meets Prime Day Boom - Is The Stock Ready To Rip?
Benzinga· 2025-07-09 15:27
Core Viewpoint - Amazon.com Inc. has shown a bullish technical signal with the completion of a Golden Cross, coinciding with the start of its 2025 Prime Day shopping event, indicating potential upward momentum for the stock [1][2]. Group 1: Technical Indicators - The stock is currently trading at $219.36, above its 50-day simple moving average of $206.38 and its 200-day average of $206.02, signaling bullish momentum [3]. - The Moving Average Convergence Divergence (MACD) indicator is at 4.3, suggesting upward momentum [3]. - The Relative Strength Index (RSI) is at 57.89, indicating the stock is near neutral and has room for further upward movement [3]. Group 2: Prime Day Impact - Prime Day, running for 96 hours across 35 categories, historically boosts Amazon's e-commerce activity and enhances advertising and third-party seller revenues, often lifting the stock in the short term [2]. - The current bullish technical setup during Prime Day adds to the potential for stock price increases [2]. Group 3: Cautionary Signals - The 8-day simple moving average is at $220.80, slightly above the current price, indicating some near-term selling pressure and a moderate risk of bearish reversal [4]. - Investors are advised to watch for confirmation via volume and follow-through before making investment decisions, as the stock faces mild near-term resistance [5].
Korn/Ferry (KFY) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-07-09 14:56
Korn/Ferry International (KFY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, KFY's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages b ...
Amazon's Prime Day Pullback Meets Bullish Golden Cross Signal
MarketBeat· 2025-07-08 20:38
Every company has its own set of key performance indicators (KPIs), especially those in the United States' technology sector. However, there is typically one major indicator of future momentum and financial success that can be found within the largest companies in the market, and Amazon.com Inc. NASDAQ: AMZN is one of them, with a market capitalization of $2.3 trillion today. Prime Day is a widely celebrated discount day among Amazon users, as it typically brings about discount windows that significantly bo ...
Bank OZK (OZK) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-07-08 14:56
Bank OZK (OZK) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, OZK's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, s ...
MSC Industrial (MSM)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-07-04 14:56
After reaching an important support level, MSC Industrial Direct Company, Inc. (MSM) could be a good stock pick from a technical perspective. MSM recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the mo ...
Should You Buy 1st Source (SRCE) After Golden Cross?
ZACKS· 2025-07-04 14:56
1st Source Corporation (SRCE) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, SRCE's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving average. ...