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Align Technology (ALGN) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-07-24 14:46
Technical Analysis - Align Technology (ALGN) has recently reached a key level of support and has overtaken the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average is a popular trading tool that smooths out price fluctuations and provides trend reversal signals, beneficial for short-term traders [1][2] Stock Performance - ALGN shares have increased by 9.1% over the past four weeks, suggesting a positive trend [2] - The company currently holds a Zacks Rank 2 (Buy), indicating potential for continued price appreciation [2] Earnings Estimates - There have been two upward revisions for ALGN's earnings estimates for the current fiscal year, with no downward revisions, leading to an increased consensus estimate [3] - The combination of positive earnings estimate revisions and technical indicators suggests that ALGN may experience further gains in the near future [3]
Commvault Systems (CVLT) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-05-28 14:36
Core Viewpoint - Commvault Systems (CVLT) is showing potential for investment due to its recent technical indicators and positive earnings revisions [1][4]. Technical Analysis - CVLT has crossed above the 20-day moving average, indicating a short-term bullish trend [1][2]. - The stock has moved 5.9% higher over the last four weeks, suggesting momentum towards a potential rally [4]. Earnings Estimates - There have been three upward revisions for CVLT's earnings estimates for the current fiscal year, with no downward revisions, indicating positive sentiment among analysts [4]. - The consensus earnings estimate has also increased, further strengthening the bullish outlook for the company [4]. Investment Consideration - Given the positive technical indicators and earnings estimate revisions, CVLT is recommended for investors' watchlists [5].