Golden cross

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Eldorado Gold Corporation (EGO) Now Trades Above Golden Cross: Time to Buy?
ZACKS· 2025-04-29 14:55
Core Viewpoint - Eldorado Gold Corporation (EGO) has reached a significant support level and is considered a potential investment opportunity due to a recent technical indicator known as a "golden cross" [1]. Technical Analysis - EGO's 50-day simple moving average has recently 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 moving average, leading to a trend reversal and subsequent price increase [2]. Performance Metrics - Over the past four weeks, EGO's stock has gained 14.2% [3]. - The company currently holds a 3 (Hold) rating on the Zacks Rank, suggesting potential for further breakout [3]. - Earnings expectations have improved, with two upward revisions and no downward changes in estimates over the past 60 days, contributing to a positive outlook [3][5].
3M Stock: 4 Compelling Reasons to Buy, 1 Big Reason to Pass
MarketBeat· 2025-04-29 12:02
Core Viewpoint - 3M Co. has demonstrated solid performance in Q1 2025, showcasing its reliability as an asset during market uncertainties, with a focus on its diverse product offerings and growth potential [1]. Financial Performance - In Q1 2025, 3M reported earnings-per-share (EPS) of $1.88, exceeding consensus estimates by $0.11, and revenues grew 1.1% year-over-year to $5.8 billion, surpassing expectations of $5.76 billion [4]. - The operating margin improved by 220 basis points to 23.5%, with organic growth at 1.5% [4]. - The company launched 62 new products in Q1, a 60% increase year-over-year, with plans for 215 new products in 2025 and over 1,000 in the next three years [5]. Market Position and Technical Analysis - 3M stock remains above key moving averages, maintaining a bullish trend since the 50-day moving average crossed above the 200-day moving average a year ago [2]. - A bullish Golden Cross pattern was triggered on April 18, 2024, indicating strong support levels [9]. - The stock has shown resilience at the $124.65 support level, bouncing back multiple times during market selloffs [10]. Diversification and Economic Resilience - 3M's diversified portfolio includes over 100,000 products across various industries, which helps mitigate risks associated with economic downturns [6]. - The company benefits from a mix of cyclical and stable product lines, allowing it to adapt to changing consumer demands [7]. International Sales and Currency Impact - Approximately 45% of 3M's revenue, around $4 billion, comes from international markets, making it sensitive to currency fluctuations [12]. - A weaker US dollar can enhance international sales volumes, potentially turning currency headwinds into tailwinds in Q2 2025 [13]. Risks and Challenges - Trade wars and tariffs are anticipated to impact operating profits, particularly in the consumer products division, with management forecasting potential losses of $25 million to $50 million [14][15]. - The company has 90 days of inventory to manage tariff impacts, but challenges may arise once this inventory is depleted [14].
StoneCo Ltd. (STNE)'s Technical Outlook is Bright After Key Golden Cross
ZACKS· 2025-04-28 14:56
Technical Analysis - StoneCo Ltd. (STNE) has reached a key level of support, indicating a potential bullish breakout as its 50-day simple moving average has crossed above the 200-day simple moving average, forming a "golden cross" [1] - A golden cross is characterized by a downtrend followed by a crossover of the shorter moving average over the longer moving average, leading to a trend reversal and subsequent upward price movement [2] Performance Metrics - STNE has experienced a significant price increase of 25.1% over the last four weeks, suggesting strong momentum [3] - The company currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating positive market sentiment [3] Earnings Outlook - The earnings outlook for STNE is positive, with no earnings estimates decreasing in the past two months, while there have been two upward revisions, contributing to an increase in the Zacks Consensus Estimate [3][4] - The combination of favorable earnings estimate revisions and the technical breakout position suggests that STNE may continue to see gains in the near future [4]
Should You Buy Regulus (RGLS) After Golden Cross?
ZACKS· 2025-04-24 14:55
Core Insights - Regulus Therapeutics Inc. (RGLS) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - The recent breakout of RGLS's 50-day simple moving average above its 200-day moving average signifies a "golden cross," which is a bullish indicator [1] - RGLS has experienced a substantial price increase of 97.7% over the last four weeks, suggesting strong upward momentum [3] Technical Analysis - A 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] - The occurrence of a golden cross is contrasted with a death cross, which indicates potential bearish price movement [2] Earnings Expectations - RGLS's earnings expectations have shown positive changes, with two upward revisions and no downward revisions in the last 60 days, enhancing the bullish outlook [3] - The Zacks Consensus Estimate for RGLS has also moved upward, further supporting the positive sentiment around the stock [3] Investment Consideration - Given the technical indicators and positive earnings estimate movements, RGLS is recommended for investors to consider adding to their watchlist [5]
Newmont Corporation (NEM) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-04-17 14:55
Core Viewpoint - Newmont Corporation (NEM) is showing potential as a bullish investment opportunity due to a recent technical indicator known as a "golden cross" and positive earnings outlook [1][4]. Technical Analysis - NEM's 50-day simple moving average has crossed above its 200-day simple moving average, indicating a "golden cross" which often signifies a potential bullish breakout [1][2]. - A golden cross typically follows a downtrend, where the stock's shorter moving average crosses above the longer moving average, leading to a trend reversal and subsequent price increase [2][3]. Performance Metrics - Over the past four weeks, NEM has experienced a price increase of 16.6% [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 NEM is positive, with no earnings estimates decreasing in the past two months, while there have been four upward revisions [4]. - The Zacks Consensus Estimate for NEM has also increased, reinforcing the bullish sentiment around the stock [4][5].
Cintas (CTAS) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-04-10 14:35
After reaching an important support level, Cintas (CTAS) could be a good stock pick from a technical perspective. CTAS surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term moving a ...