Newmont Corporation (NEM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, NEM broke through the 50-day moving average, which suggests a short-term bullish trend.One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up ...

with the Dow falling more than 550 points. Yu Finance's Jared Blickry joining us now with the trading day takeaways. Jared, >> thank you.We got to talk about the 50-day moving average. Continuation of the conversation we had late last week and today was a finally a fail for certain markets and let's take a look at the S&P 500 because as you might remember, it has been in play. This is the S&P 500 year to date.I'm going to plug our 50-day moving average over it. And you can see, hard to see here, but we just ...

Core Insights - The S&P 500 experienced significant volatility during the week, with sharp daily fluctuations leading to a decline below its 50-day moving average for the first time since April [1] - The index concluded the week with a loss of -2.0% [1] Market Performance - The S&P 500's weekly performance was characterized by notable daily swings [1] - The drop below the 50-day moving average indicates a potential shift in market sentiment [1]

TransMedics (TMDX) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, TMDX broke through the 50-day moving average, which suggests a short-term bullish trend.One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or dow ...

Key Points The S&P 500 recently dropped below its 50-day moving average, a technical indicator that has (surprisingly) been a bullish signal more often than not over the last decade. In the past 10 years, the S&P 500 has dropped below its 50-day moving average 74 times, and the index returned a median of 15% during the next 12 months. In this case, the S&P 500’s performance may not fit the historical pattern because of concerns about the economy and elevated valuations. 10 stocks we like better than ...

Core Viewpoint - Palantir Technologies Inc. (PLTR) has reached a significant support level and shows potential for investors from a technical perspective, indicating a short-term bullish trend after breaking through the 50-day moving average [1]. Technical Analysis - The 50-day simple moving average is a key indicator for traders and analysts to determine support or resistance levels, with PLTR recently breaking this level, suggesting a bullish trend [2]. - Over the past four weeks, PLTR has gained 9.3%, and it currently holds a Zacks Rank 2 (Buy), indicating further potential for stock price increases [2]. Earnings Estimates - There have been 9 upward revisions in PLTR's earnings estimates for the current fiscal year, with no downward revisions, reinforcing the bullish sentiment among investors [3]. - The consensus estimate for PLTR has also increased, further supporting the positive outlook for the stock [3].

Core Viewpoint - Unity Software Inc. is showing potential as a stock pick due to its recent technical performance and positive earnings estimate revisions [1][2][3] Technical Analysis - Unity has surpassed resistance at the 50-day moving average, indicating a short-term bullish trend [1] - The stock has increased by 16.1% over the past four weeks, suggesting upward momentum [2] Earnings Estimates - The company currently holds a Zacks Rank 3 (Hold), indicating potential for continued gains [2] - There has been one upward revision in earnings estimates for the current fiscal year, with no downward revisions, which supports a bullish outlook [2] Investment Outlook - Investors are encouraged to monitor Unity for further gains based on its key technical levels and positive earnings revisions [3]

Core Viewpoint - Axcelis Technologies (ACLS) is showing potential for a bullish trend following a recent technical breakout and positive earnings estimate revisions [1][2][3] Technical Analysis - ACLS has recently surpassed the 50-day moving average, indicating a key level of support and suggesting a short-term bullish trend [1] - The 50-day simple moving average is a significant indicator for traders and analysts to assess support or resistance levels [1] Performance Metrics - ACLS has experienced a 7.4% increase over the last four weeks, indicating positive momentum [2] - The stock currently holds a Zacks Rank of 3 (Hold), reflecting a neutral outlook [2] Earnings Estimates - There have been no downward revisions in earnings estimates for ACLS in the past two months, while four estimates have been revised upward [2] - The consensus earnings estimate for ACLS has also seen an increase, reinforcing the bullish sentiment [2][3] Investment Outlook - Given the positive technical indicators and earnings estimate revisions, ACLS may present a compelling investment opportunity for potential gains in the near future [3]

Akamai Technologies (AKAM) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, AKAM broke through the 50-day moving average, which suggests a short-term bullish trend.The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.AKAM ...

Core Viewpoint - Pebblebrook Hotel (PEB) shows potential as a stock pick due to surpassing key technical resistance levels, indicating a bullish trend [1][2]. Technical Analysis - PEB has recently surpassed the 50-day moving average, a significant indicator of support and resistance, suggesting a short-term bullish trend [1][2]. - Over the past four weeks, PEB's stock price has increased by 10.8%, reflecting positive momentum [2]. Earnings Estimates - There have been five upward revisions in earnings estimates for PEB for the current fiscal year, with no downward revisions, indicating strong investor confidence [3]. - The consensus earnings estimate for PEB has also increased, further supporting the bullish outlook [3]. Investment Consideration - Given the positive technical indicators and favorable earnings estimate revisions, PEB is recommended for inclusion on investors' watchlists [3].