Pure Storage (PSTG) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PSTG crossed above the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.Like o ...

S&P 500 Analysis - The S&P 500 has shown resilience, finding support at the 20-day moving average, which is currently around 6575 to 6590 [2][3] - A recent pullback was brief, indicating the overall health of the S&P 500, with traders viewing the close above the high from the pullback day as a potential entry point [3][4] - The current level of the S&P 500 is 6665, not far from its record high of 6699 [4] Celsius Holdings - Celsius has seen a significant recovery, up over 170% from its lows in February and 123% year-to-date [5] - The stock has established support between 49 and 50, with a potential target of $68 for bullish traders [6][8] - Recent price action indicates a break above the 50-day moving average, suggesting a positive trend [7] Lyft Analysis - Lyft has experienced a strong year, with a year-to-date increase of 67% and a remarkable 125% rise from April levels [9] - The 20-day moving average is trending upwards, with potential support levels identified at $20 or $21 [10] - A longer-term view shows a trading range that has been broken, with potential resistance around $32 [11]

Group 1 - PNC Financial Services Group, Inc (PNC) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - Recently, PNC broke through the 20-day moving average, suggesting a short-term bullish trend [1] - Shares of PNC have increased by 6.3% over the past four weeks, indicating positive momentum [5] Group 2 - The 20-day simple moving average (SMA) is a popular tool among traders as it smooths out price fluctuations and provides insight into short-term price trends [2] - A stock price above the 20-day moving average indicates a positive trend, while a price below it signals a potential downward trend [3] - PNC's earnings estimate revisions show three upward revisions for the current fiscal year, with no downward revisions, reinforcing the bullish outlook [5] Group 3 - PNC is currently ranked 3 (Hold) by Zacks, suggesting the potential for continued price appreciation [5] - The positive movement in earnings estimate revisions and the technical indicator make PNC a candidate for investors' watchlists [6]

Group 1 - Photronics (PLAB) has recently reached a key level of support and has overtaken the 20-day moving average, indicating a short-term bullish trend [1][4] - The stock has gained 6.7% over the past four weeks and is currently ranked Zacks Rank 2 (Buy), suggesting potential for further increases [4] - There have been no lowered earnings estimates in the past two months, with one estimate raised for the current fiscal year, and the consensus estimate has also increased, reinforcing the bullish outlook [4][5] Group 2 - The 20-day simple moving average is a useful tool for traders, smoothing out short-term price trends and providing more trend reversal signals compared to longer-term moving averages [1][2]

Technical Analysis - DNOW 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 favored by traders as it smooths out price fluctuations and provides trend reversal signals [2] Performance Metrics - Over the past four weeks, DNOW shares have increased by 5.6% [4] - The company currently holds a Zacks Rank 2 (Buy), suggesting potential for continued price appreciation [4] Earnings Estimates - There have been two upward revisions in earnings estimates for the current fiscal year, with no downward revisions, leading to an increase in the consensus estimate [4] - The positive revisions in earnings estimates strengthen the bullish outlook for DNOW [4] Investment Consideration - Given the technical indicators and positive earnings estimate revisions, DNOW is recommended for inclusion on investors' watchlists [5]

Core Viewpoint - Powell Industries (POWL) has reached a significant support level and shows potential for investors from a technical perspective, having recently broken through the 20-day moving average, indicating a short-term bullish trend [1]. Technical Analysis - The 20-day simple moving average is a popular tool among traders, providing insights into a stock's price over a 20-day period, which is beneficial for short-term traders as it smooths out price trends and signals trend reversals more effectively than longer-term averages [2]. - A stock price above the 20-day moving average indicates a positive trend, while a price below suggests a downward trend [2]. Performance Metrics - POWL shares have increased by 9.7% over the past four weeks, indicating a positive momentum [4]. - The company holds a Zacks Rank 2 (Buy), suggesting that POWL may continue to experience upward movement [4]. Earnings Estimates - There have been positive revisions in earnings estimates for POWL, with no estimates decreasing in the past two months and one estimate increasing, alongside a rise in the consensus estimate [4]. - The combination of positive earnings estimate revisions and favorable technical indicators suggests that investors should monitor POWL for potential gains in the near future [5].

Core Viewpoint - PepsiCo (PEP) has reached a significant support level and shows potential for investors from a technical perspective, having recently broken through the 20-day moving average, indicating a short-term bullish trend [1] Technical Analysis - The 20-day simple moving average is a widely used trading tool that smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages [2] - PEP's stock price has been on an upward trajectory over the past four weeks, increasing by 5.8% [4] Earnings Estimates - PEP is currently rated as a Zacks Rank 2 (Buy), suggesting the stock could continue to rise [4] - There have been 9 upward revisions for PEP's earnings estimates for the current fiscal year, with no downward revisions, indicating positive sentiment among analysts [4] Investment Outlook - The combination of positive earnings estimate revisions and the stock hitting a key technical level suggests that investors should monitor PEP for potential gains in the near future [5]

Group 1 - Lemonade (LMND) has reached a significant support level and is considered a good pick for investors from a technical perspective [1] - LMND recently broke through 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 [2] Group 2 - Over the past four weeks, LMND has gained 14.9% [4] - The company is currently ranked a Zacks Rank 2 (Buy), suggesting potential for further upward movement [4] - Positive earnings estimate revisions support the bullish case, with 2 revisions higher for the current fiscal year and no lower revisions [4] Group 3 - Investors are encouraged to consider adding LMND to their watchlist due to the important technical indicator and positive earnings estimate revisions [5]

Technical Analysis - Tactile Systems Technology (TCMD) has reached a significant support level, indicating a potential investment opportunity from a technical perspective [1] - TCMD recently broke through the 20-day moving average, suggesting a short-term bullish trend [1][2] Earnings Estimates - Positive earnings estimate revisions for TCMD strengthen the bullish case, with no lowered estimates in the past two months and two raised estimates for the current fiscal year [3] - The consensus earnings estimate for TCMD has also increased, indicating positive sentiment among analysts [3] Stock Performance - TCMD shares have increased by 25.7% over the past four weeks, reflecting strong upward momentum [4] - The company currently holds a Zacks Rank 2 (Buy), suggesting potential for continued stock price appreciation [4]

Group 1 - PENN Entertainment is showing a bullish trend as it has crossed above the 20-day moving average, indicating a potential upward movement in stock price [1][2] - The stock has gained 5.2% over the past four weeks, suggesting positive momentum [4] - There have been five upward revisions in earnings estimates for the current fiscal year, with no downward revisions, reinforcing the bullish outlook [4][5] Group 2 - The Zacks Rank for PENN is currently 3 (Hold), indicating that the stock may continue to rise [4] - The combination of positive earnings estimate revisions and technical indicators suggests that investors should monitor PENN for potential gains [5]