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Sonic Automotive (SAH)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-06-10 14:55
Technical Analysis - Sonic Automotive, Inc. (SAH) has reached a key level of support, indicated by a "golden cross" where the 50-day simple moving average has crossed above the 200-day simple moving average [1] - A golden cross is a bullish technical chart pattern that suggests a potential breakout, typically involving the 50-day and 200-day moving averages [2] Market Performance - Over the past four weeks, shares of SAH have increased by 9.1%, indicating positive market momentum [4] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it may be poised for further breakout [4] Earnings Expectations - There have been five upward revisions in earnings expectations for the current quarter, with no downward changes in the past 60 days, which supports the bullish outlook for SAH [4] - The Zacks Consensus Estimate for SAH has also moved higher, reinforcing investor confidence in the stock's upward trend [4] Investment Consideration - Given the significant technical indicator and the positive movement in earnings estimates, SAH is recommended for inclusion on investors' watchlists [6]
Bitcoin: Bull Market Support Band
Benjamin Cowen· 2025-06-09 19:30
Hey everyone and thanks for jumping back into the cryptoverse. Today we're going to talk about Bitcoin and we're going to be providing an update to the bull market support band. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at into the cryptoverse.com. Let's go ahead and jump in. So the bull market sport band for Bitcoin continues to increase.It now ranges from around 94K to 96K. Uh this has been ...
Should You Buy Par Petroleum (PARR) After Golden Cross?
ZACKS· 2025-06-09 14:56
After reaching an important support level, Par Pacific Holdings, Inc. (PARR) could be a good stock pick from a technical perspective. PARR recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.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 ...
Hudson Technologies (HDSN) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-06-05 14:55
Core Viewpoint - Hudson Technologies, Inc. (HDSN) shows potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend may be forthcoming [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), suggesting a bullish breakout [2]. - The formation of a golden cross typically follows a downtrend, a crossover of moving averages, and culminates in an upward price movement [3]. Recent Performance - HDSN has experienced a 7.5% rally over the past four weeks, indicating positive momentum [4]. - The stock currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it may be positioned for further gains [4]. Earnings Outlook - HDSN's earnings outlook is favorable, with two upward revisions in earnings estimates over the past 60 days, contributing to a positive consensus estimate [4]. - The combination of technical indicators and earnings revisions strengthens the bullish case for HDSN [5].
Should You Buy Sterling Infrastructure (STRL) After Golden Cross?
ZACKS· 2025-06-03 14:56
Group 1 - Sterling Infrastructure, Inc. (STRL) has reached an important support level and is considered a good stock pick from a technical perspective due to a recent "golden cross" event [1] - 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, indicating a potential bullish breakout [2] - The golden cross pattern consists of three stages: a downtrend followed by a crossover of moving averages, and finally an upward price movement [3] Group 2 - STRL has moved 13.8% higher over the last four weeks, indicating potential for further gains [4] - The company currently holds a 2 (Buy) rating on the Zacks Rank, supported by a positive earnings outlook with one upward revision in earnings estimates over the past 60 days [4] - The combination of earnings estimate revisions and the technical breakout suggests that investors should monitor STRL for potential gains in the near future [6]
Should You Buy Vigil Neuroscience, Inc. (VIGL) After Golden Cross?
ZACKS· 2025-06-02 14:55
Group 1 - Vigil Neuroscience, Inc. (VIGL) has recently experienced a "golden cross" event, indicating a potential bullish breakout from a technical perspective [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, such as the 200-day, suggesting stronger breakouts [2] - VIGL has rallied 186.9% over the past four weeks, and it currently holds a 2 (Buy) rating on the Zacks Rank, indicating a strong potential for further gains [4] Group 2 - The bullish outlook for VIGL is supported by a positive earnings forecast, with five upward revisions in earnings estimates over the past 60 days and no downward revisions [4][6] - The combination of the positive technical indicators and the favorable earnings outlook suggests that investors should monitor VIGL for potential gains in the near future [6]
Strattec Security (STRT) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-06-02 14:55
Core Insights - Strattec Security Corporation (STRT) has reached a significant support level and is considered a strong stock pick from a technical perspective due to a recent "golden cross" event [1][4] - The "golden cross" indicates a potential bullish breakout, characterized by the 50-day simple moving average crossing above the 200-day simple moving average [2] - STRT shares have increased by 59.4% over the past four weeks, and the company holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting further breakout potential [4] Technical Analysis - A golden cross consists of three stages: a downtrend followed by a bottoming out, the shorter moving average crossing above the longer moving average, and then an upward price movement [3] - This technical pattern is seen as a positive indicator, contrasting with a "death cross," which signals potential bearish movements [3] Earnings Outlook - STRT has experienced one upward revision in earnings estimates over the past 60 days, with no downward revisions, indicating a positive earnings outlook for the current quarter [4][6] - The Zacks Consensus Estimate for STRT has also increased, reinforcing the bullish sentiment around the stock [4][6]
Marqeta (MQ) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-05-30 14:55
Group 1 - Marqeta, Inc. (MQ) has reached an important support level and recently experienced a "golden cross," indicating a potential bullish trend [1][4] - 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 a strong breakout [2] - The golden cross pattern consists of three stages: a downtrend followed by a crossover of moving averages, and finally an upward momentum leading to higher prices [3] Group 2 - Over the past four weeks, MQ's stock has gained 31.3%, and it currently holds a 2 (Buy) rating on the Zacks Rank, suggesting further breakout potential [4] - There have been three upward revisions in earnings expectations for the current quarter, with no downward revisions, indicating a positive outlook for MQ [4][5] - The combination of earnings estimate revisions and the technical breakout position makes MQ a stock to watch for potential gains in the near future [5]
MGIC Investment (MTG) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-05-26 14:55
Group 1 - MGIC Investment Corporation (MTG) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a recent "golden cross" formation [1] - The golden cross occurs when a stock's short-term moving average (50-day) breaks above its long-term moving average (200-day), indicating a bullish breakout [1][2] - MTG has experienced a rally of 7.3% over the past four weeks and currently holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting potential for further gains [3] Group 2 - The positive earnings outlook for MTG is reinforced by the fact that no earnings estimates have been cut for the current quarter, with three revisions higher in the past 60 days [3] - The Zacks Consensus Estimate for MTG has also increased, further supporting the bullish case for the stock [3][5] - Given the positive technical factors and the movement in earnings estimates, investors are encouraged to monitor MTG 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]