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Should You Buy O-I Glass (OI) After Golden Cross?
ZACKS· 2025-05-22 14:55
Technical Analysis - O-I Glass, Inc. (OI) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a "golden cross" formation, where the 50-day simple moving average has broken above the 200-day moving average [1] - A successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [2] Performance Metrics - Over the past four weeks, OI has gained 20.6%, indicating strong performance [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for a breakout [3] Earnings Expectations - There have been three upward changes in earnings expectations for the current quarter, with no downward changes in the past 60 days, leading to an increase in the Zacks Consensus Estimate [3] - The positive technical factors combined with the move in earnings estimates suggest that investors may want to keep an eye on OI for potential gains in the near future [5]
After Golden Cross, First Savings Financial (FSFG)'s Technical Outlook is Bright
ZACKS· 2025-05-22 14:55
Group 1 - First Savings Financial Group, Inc. (FSFG) has reached a significant support level and is considered a good pick for investors from a technical perspective [1] - FSFG's 50-day simple moving average has recently broken out above its 200-day moving average, indicating a "golden cross" which suggests a potential bullish breakout [1] - The golden cross pattern typically involves a stock's short-term moving average crossing above a longer-term moving average, with the 50-day and 200-day averages being the most common [2] Group 2 - Over the past four weeks, FSFG has gained 9.6%, and currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating potential for further breakout [3] - There have been positive changes in FSFG's earnings expectations, with one upward revision and no downward changes in the last 60 days, leading to an increase in the Zacks Consensus Estimate [3] - Given the positive technical factors and the movement in earnings estimates, FSFG may present further gains for investors in the near future [5]
Karooooo Ltd. (KARO) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-05-21 14:55
From a technical perspective, Karooooo Ltd. (KARO) is looking like an interesting pick, as it just reached a key level of support. KARO'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.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 5 ...
MainStreet Bank (MNSB) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-05-21 14:55
MainStreet Bank (MNSB) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, MNSB's 50-day simple moving average broke out above its 200-day moving average; this is 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-d ...
Rivian Automotive (RIVN) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-05-20 14:56
After reaching an important support level, Rivian Automotive, Inc. (RIVN) could be a good stock pick from a technical perspective. RIVN 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 ...
Should You Buy Pagaya Technologies Ltd. (PGY) After Golden Cross?
ZACKS· 2025-05-20 14:56
Pagaya Technologies Ltd. (PGY) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, PGY'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. ...
Calix (CALX) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-05-16 14:56
Group 1 - Calix, Inc (CALX) has reached a key level of support, with its 50-day simple moving average crossing above its 200-day simple moving average, indicating a "golden cross" which may signify a potential bullish breakout [1] - 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] - CALX has experienced a rally of 33.7% over the past four weeks, and currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it could be poised for a breakout [3] Group 2 - There have been two upward revisions in earnings expectations for CALX in the current quarter, with no downward revisions, and the Zacks Consensus Estimate has also increased [3] - The combination of positive earnings estimate revisions and the technical breakout signals indicates that investors should monitor CALX for potential gains in the near future [4]
Should You Buy Northrim BanCorp (NRIM) After Golden Cross?
ZACKS· 2025-05-16 14:56
Northrim BanCorp Inc (NRIM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NRIM's 50-day simple moving average broke out above its 200-day moving average; this is 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 ...
Compass Minerals (CMP) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-05-16 14:56
Group 1 - Compass Minerals International, Inc. (CMP) has reached a significant support level and is considered a good investment pick from a technical perspective due to a "golden cross" formation [1] - A golden cross occurs when a stock's short-term moving average, such as the 50-day, crosses above its long-term moving average, like the 200-day, indicating a potential bullish breakout [1][2] - Over the past four weeks, CMP has gained 71.4%, and it currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [3] Group 2 - The bullish outlook for CMP is reinforced by a positive earnings forecast, with no earnings estimates cut and one revision higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [3][4] - The combination of earnings estimate revisions and the technical breakout position makes CMP a stock to watch for potential gains in the near future [4]
Should You Buy Insteel Industries (IIIN) After Golden Cross?
ZACKS· 2025-05-15 14:56
Insteel Industries, Inc. (IIIN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, IIIN'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 ...