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Should You Buy WSFS Financial (WSFS) After Golden Cross?
ZACKSยท 2025-07-04 14:56
Core Viewpoint - WSFS Financial Corporation (WSFS) 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 short-term moving average, such as the 50-day, crosses above a long-term moving average, like the 200-day, indicating a potential bullish trend [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and subsequent upward momentum in stock prices [3]. Stock Performance - WSFS shares have increased by 13.9% over the past four weeks, indicating positive momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting strong potential for further gains [4]. Earnings Expectations - Recent changes in earnings estimates show two upward revisions with no downward changes in the last 60 days, contributing to a bullish outlook [4]. - The Zacks Consensus Estimate for WSFS has also increased, reinforcing investor confidence in the stock's upward trend [5].
Should You Buy WisdomTree, Inc. (WT) After Golden Cross?
ZACKSยท 2025-07-04 14:56
Group 1 - WisdomTree, Inc. (WT) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a "golden cross" formation [1] - The golden cross occurs when a stock's 50-day simple moving average breaks above its 200-day moving average, indicating a potential bullish breakout [1][2] - WT has moved 27.7% higher over the last four weeks, suggesting it may be on the verge of a breakout [3] Group 2 - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating positive sentiment among analysts [3] - There have been two upward revisions in earnings estimates over the past two months, with no estimates going lower, further solidifying the bullish outlook for WT [3] - Investors are encouraged to consider adding WT to their watchlist due to the positive technical indicators and earnings estimate movements [5]
X @TylerD ๐Ÿง™โ€โ™‚๏ธ
And here are the last two DXY death crosseshttps://t.co/XWuBCWOIOzBarchart (@Barchart):U.S. Dollar Index $DXY is about to form a Death Cross โ˜ ๏ธ on the weekly chart (50 week moving average crossing below the 200 week) ๐Ÿšจ A huge upside reversal took place each of the last 2 times this happened (March 2018 and Jan 2021) ๐Ÿ“ˆ๐Ÿ“ˆ https://t.co/ALLwNxT70w ...
Should You Buy Melco Resorts (MLCO) After Golden Cross?
ZACKSยท 2025-07-02 14:56
Core Viewpoint - Melco Resorts & Entertainment Limited (MLCO) is showing potential for a bullish breakout due to a recent "golden cross" in its moving averages, indicating a key level of support [1] Technical Analysis - MLCO's 50-day simple moving average has crossed above its 200-day simple moving average, forming a "golden cross," which is a bullish technical pattern [1] - 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 [2] Performance Metrics - MLCO shares have increased by 29% over the past four weeks, indicating strong upward movement [3] - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [3] Earnings Outlook - There have been three upward revisions in earnings estimates for MLCO over the past 60 days, with no downward revisions, indicating a positive earnings outlook for the current quarter [3] - The Zacks Consensus Estimate for MLCO has also increased, reinforcing the bullish sentiment [3] Investment Consideration - Given the technical indicators and positive earnings revisions, MLCO should be considered for a watchlist by investors [5]
Affiliated Managers Group (AMG) Just Flashed Golden Cross Signal: Do You Buy?
ZACKSยท 2025-07-01 14:56
Group 1 - Affiliated Managers Group, Inc. (AMG) has reached an important support level and recently experienced a "golden cross," indicating a potential bullish trend [1][2] - 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 is likely [2][3] - Over the past four weeks, AMG's stock has gained 9.4%, and it currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating strong potential for further gains [4] Group 2 - The positive earnings outlook for AMG supports the bullish case, with no earnings estimates cut and five revisions higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [4][5] - Investors are encouraged to monitor AMG for potential gains due to the combination of positive technical indicators and favorable earnings revisions [5]
Should You Buy Lumentum (LITE) After Golden Cross?
ZACKSยท 2025-06-30 14:56
Technical Analysis - Lumentum Holdings Inc. (LITE) has reached a key level of support, indicating potential for upward movement [1] - A "golden cross" has occurred, with LITE's 50-day simple moving average crossing above its 200-day simple moving average, suggesting a bullish breakout may be on the horizon [1] - The golden cross pattern typically indicates stronger breakouts due to the involvement of longer time periods [1] Market Performance - LITE has experienced a rally of 31.1% over the past four weeks, indicating positive momentum [3] - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it could be poised for further breakout [3] Earnings Outlook - Positive earnings outlook for the current quarter supports the bullish case for LITE, with no earnings estimates decreasing in the past two months and eight revisions higher [3] - The Zacks Consensus Estimate for LITE has also increased, reinforcing the positive sentiment around the company's performance [3] Investment Consideration - Investors are encouraged to consider adding LITE to their watchlist due to the significant technical indicator and the positive movement in earnings estimates [5]
Grupo Televisa (TV)'s Technical Outlook is Bright After Key Golden Cross
ZACKSยท 2025-06-27 14:55
Core Viewpoint - Grupo Televisa S.A. (TV) is identified as a potential stock pick due to a recent "golden cross" event, indicating a bullish trend from a technical perspective [1][4]. 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), signaling a bullish breakout [2]. - The successful formation of a golden cross involves three stages: the stock price bottoms out, the shorter moving average crosses above the longer one, and the stock maintains upward momentum [3]. Performance Metrics - Over the past four weeks, TV has experienced a gain of 20.1% [4]. - The stock currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4]. Earnings Outlook - The earnings outlook for TV is positive, with no earnings estimates cut and two revisions higher in the past 60 days [4]. - The Zacks Consensus Estimate for earnings has also increased, reinforcing the bullish sentiment [4][6].
Should You Buy ASML (ASML) After Golden Cross?
ZACKSยท 2025-06-25 14:56
ASML Holding N.V. (ASML) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ASML'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 ...
STMicroelectronics (STM)'s Technical Outlook is Bright After Key Golden Cross
ZACKSยท 2025-06-25 14:56
Technical Analysis - STMicroelectronics N.V. (STM) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - The recent breakout of STM's 50-day simple moving average above its 200-day moving average is identified as a "golden cross," a bullish indicator for future price movements [1][2] Price Movement - STM has experienced an 18.9% rally over the past four weeks, suggesting strong upward momentum [3] - The combination of the recent price rally and the technical indicators points towards a potential breakout for STM [3] Earnings Outlook - There have been no cuts to earnings estimates for the current quarter, with two revisions higher in the past 60 days, indicating a positive earnings outlook [3] - The Zacks Consensus Estimate for STM has also increased, further supporting the bullish case for the company [3][4]
Qiagen (QGEN) Just Flashed Golden Cross Signal: Do You Buy?
ZACKSยท 2025-06-23 14:56
Core Viewpoint - QIAGEN N.V. (QGEN) 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 potential bullish trend [2]. - The formation of a golden cross typically follows a downtrend, a crossover of moving averages, and then an upward price movement [3]. Recent Performance - QGEN has moved 11.2% higher over the last four weeks, suggesting positive momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating favorable market sentiment [4]. Earnings Outlook - There has been a positive shift in earnings estimates for QGEN, with 9 upward revisions and no downward revisions in the past two months [4]. - The Zacks Consensus Estimate for QGEN's earnings has also increased, reinforcing the bullish outlook for the company [5].