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After Golden Cross, Bar Harbor Bankshares (BHB)'s Technical Outlook is Bright
ZACKSยท 2025-09-01 14:56
Technical Analysis - Bar Harbor Bankshares, Inc. (BHB) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - BHB'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][2] Stock Performance - Over the past four weeks, BHB shares have increased by 12.7%, suggesting positive momentum [3] - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating potential for further price appreciation [3] Earnings Outlook - There has been one upward revision in earnings estimates for BHB over the past 60 days, with no downward revisions, reflecting a positive earnings outlook for the current quarter [3][5] - The Zacks Consensus Estimate for BHB has also increased, reinforcing the bullish sentiment around the stock [3]
Should You Buy CVB Financial (CVBF) After Golden Cross?
ZACKSยท 2025-09-01 14:56
Group 1 - CVB Financial Corporation (CVBF) has reached an important support level and could be a good stock pick from a technical perspective due to a recent "golden cross" event [1] - A golden cross is a technical chart pattern indicating a potential bullish breakout, formed when a security's short-term moving average crosses above a longer-term moving average, typically the 50-day and 200-day [2] - The golden cross pattern consists of three stages: a downtrend that bottoms out, the shorter moving average crossing above the longer moving average, and the stock continuing upward momentum [3] Group 2 - CVBF has moved 9.6% higher over the last four weeks, indicating potential for a breakout, and currently holds a 3 (Hold) rating on the Zacks Rank [4] - The positive earnings outlook for CVBF strengthens the bullish case, with no earnings estimates decreasing in the past two months and three revisions higher, leading to an increase in the Zacks Consensus Estimate [4] - Given the positive technical factors and the movement in earnings estimates, CVBF may present further gains for investors in the near future [5]
WaFd (WAFD) Now Trades Above Golden Cross: Time to Buy?
ZACKSยท 2025-08-29 14:56
Technical Analysis - WaFd, Inc. (WAFD) has recently reached a key level of support, indicated by its 50-day simple moving average crossing above its 200-day simple moving average, known as a "golden cross" [1][2] - A golden cross is a bullish chart pattern that suggests a potential breakout, typically involving the 50-day and 200-day moving averages [2] Market Performance - WAFD has moved 8.4% higher over the last four weeks, indicating positive momentum [4] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting a neutral outlook [4] Earnings Outlook - WAFD's earnings outlook appears positive, with no earnings estimates cut and three revisions higher in the past 60 days [4] - The Zacks Consensus Estimate for WAFD has also increased, reinforcing the bullish sentiment [4][6] Investment Consideration - Given the combination of positive earnings estimate revisions and the technical breakout signal, WAFD is positioned for potential gains in the near future [6]
Should You Buy Holley Inc. (HLLY) After Golden Cross?
ZACKSยท 2025-08-28 14:56
Core Viewpoint - Holley Inc. (HLLY) is showing potential for a bullish breakout as it has reached a key support level and experienced a "golden cross" in its moving averages [1][2]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), indicating a bullish trend [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and a subsequent upward price movement [3]. Performance Metrics - HLLY has seen a significant rally of 84.3% over the past four weeks, suggesting strong momentum [4]. - The stock currently holds a 2 (Buy) rating on the Zacks Rank, indicating positive market sentiment [4]. Earnings Outlook - The earnings outlook for HLLY is favorable, with three upward revisions in earnings estimates over the past 60 days, and no downward revisions [4]. - The Zacks Consensus Estimate for HLLY has also increased, reinforcing the bullish sentiment [4]. Investment Consideration - Investors are encouraged to monitor HLLY for potential gains due to its technical indicators and positive earnings revisions [6].
Should You Buy Sotera Health Company (SHC) After Golden Cross?
ZACKSยท 2025-08-27 14:55
Core Insights - Sotera Health Company (SHC) is showing potential as a technical investment due to reaching a key support level and experiencing a "golden cross" where the 50-day simple moving average crossed above the 200-day simple moving average, indicating a possible bullish breakout [1] Technical Analysis - A golden cross consists of three stages: a downtrend that bottoms out, a shorter moving average crossing above a longer moving average, and continued upward momentum in stock prices [2] - The occurrence of a golden cross suggests a positive trend reversal, contrasting with a death cross which indicates potential bearish movement [2] Performance Metrics - Over the past four weeks, SHC has experienced a significant gain of 35.1%, and currently holds a 3 (Hold) rating on the Zacks Rank, suggesting the stock may be on the verge of a breakout [3] - Recent earnings expectations have improved, with two upward revisions and no downward changes in estimates over the past 60 days, further supporting the bullish outlook [3] Investment Consideration - Given the important technical indicators and positive earnings estimate movements, SHC is recommended for inclusion on investors' watchlists [5]
Central Pacific Financial (CPF) Now Trades Above Golden Cross: Time to Buy?
ZACKSยท 2025-08-26 14:55
Core Viewpoint - CPB Inc. (CPF) has reached a significant support level and is considered a good investment opportunity from a technical perspective due to the recent "golden cross" formation [1] Technical Analysis - CPF's 50-day simple moving average has broken above its 200-day moving average, indicating a bullish breakout [1] - A golden cross is characterized by a downtrend followed by a crossover of the shorter moving average over the longer one, leading to a potential trend reversal [2] Performance Metrics - CPF has experienced a rally of 13.2% over the past four weeks, suggesting positive momentum [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, indicating potential for further gains [3] Earnings Outlook - Positive earnings outlook for the current quarter, with no downward revisions in earnings estimates over the past two months and an increase in the Zacks Consensus Estimate [3][4] - The combination of earnings estimate revisions and technical indicators suggests that CPF may continue to see gains in the near future [4]
Enerflex (EFXT)'s Technical Outlook is Bright After Key Golden Cross
ZACKSยท 2025-08-26 14:55
Core Viewpoint - Enerflex Ltd. (EFXT) is showing potential for a bullish breakout due to a recent "golden cross" in its moving averages, indicating a key level of support has been reached [1]. Technical Indicators - EFXT's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross," which is a bullish technical chart pattern [1]. - A successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer moving average, and the stock maintaining upward momentum [2]. Performance Metrics - Over the past four weeks, EFXT has gained 20%, indicating strong performance [3]. - The stock currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [3]. Earnings Outlook - EFXT's earnings outlook is positive, with no earnings estimates cut for the current quarter and two revisions higher in the past 60 days [3]. - The Zacks Consensus Estimate for EFXT has also increased, reinforcing the bullish sentiment [3]. Investment Consideration - Given the technical indicators and positive earnings estimates, investors are encouraged to consider adding EFXT to their watchlist [5].
ScanSource (SCSC)'s Technical Outlook is Bright After Key Golden Cross
ZACKSยท 2025-08-26 14:55
Group 1 - ScanSource, Inc. (SCSC) has reached an important support level and recently experienced a "golden cross" event, indicating a potential bullish breakout [1][2] - A golden cross occurs when a stock's short-term moving average, typically the 50-day, crosses above its long-term moving average, usually the 200-day, suggesting stronger breakouts [2][3] - SCSC has rallied 7.8% over the past four weeks and currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating a strong bullish sentiment [4] Group 2 - The positive earnings outlook for SCSC further supports the bullish case, with no earnings estimates decreasing in the past two months and two revisions higher [4][6] - The Zacks Consensus Estimate for SCSC has increased, reinforcing the potential for further gains in the near future [6]
Backblaze, Inc. (BLZE) Just Flashed Golden Cross Signal: Do You Buy?
ZACKSยท 2025-08-25 14:56
Group 1 - Backblaze, Inc. (BLZE) has reached a key level of support, with its 50-day simple moving average crossing above the 200-day simple moving average, indicating a "golden cross" which is a bullish signal for potential breakout [1] - The golden cross consists of three stages: a downtrend that bottoms out, the shorter moving average crossing above the longer moving average, and the stock continuing to rise [2] - Over the past four weeks, BLZE has gained 50.8%, and it currently holds a 2 (Buy) rating on the Zacks Rank, suggesting a strong bullish case [3] Group 2 - The positive earnings outlook for BLZE is supported by four upward revisions in earnings estimates over the past 60 days, with no downward revisions, indicating a favorable trend [3] - Investors are encouraged to consider adding BLZE to their watchlist due to the significant technical indicator and the positive movement in earnings estimates [5]
Should You Buy Aveanna Healthcare (AVAH) After Golden Cross?
ZACKSยท 2025-08-25 14:56
Core Viewpoint - Aveanna Healthcare Holdings Inc. (AVAH) is showing potential for a bullish breakout due to a recent technical indicator known as a "golden cross" [1][2]. Technical Analysis - AVAH's 50-day simple moving average has crossed above its 200-day simple moving average, indicating a bullish signal [1]. - A golden cross typically follows a downtrend, leading to a positive trend reversal and subsequent upward momentum [2]. Performance Metrics - AVAH has experienced a significant rally of 88.6% over the past four weeks, suggesting strong market interest [3]. - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating favorable market conditions for potential gains [3]. Earnings Outlook - The earnings outlook for AVAH is positive, with no downward revisions in earnings estimates over the past two months, alongside four upward revisions [3]. - The Zacks Consensus Estimate for earnings has also increased, reinforcing the bullish sentiment around the stock [3][5]. Investment Consideration - Given the combination of positive earnings revisions and the technical breakout signal, AVAH is positioned for potential further gains in the near future [5].