Golden Cross Signal

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Angi (ANGI) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-08-25 14:36
From a technical perspective, Angi (ANGI) is looking like an interesting pick, as it just reached a key level of support. ANGI recently overtook the 20-day moving average, and this suggests a short-term bullish trend.A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.Like othe ...
DraftKings Posts Record Quarter, Eyes Profitability
MarketBeat· 2025-08-08 13:42
Core Insights - DraftKings Inc. reported record revenue and earnings in Q2 2025, with earnings per share (EPS) of 30 cents on revenue of $1.51 billion, representing a 37% year-over-year growth [2][3] - The company raised its full-year guidance for revenue to between $4.95 billion and $5.05 billion and adjusted EBITDA to between $460 million and $540 million [11] Financial Performance - DraftKings achieved a significant profit due to reduced advertising and marketing spending after the Super Bowl, allowing more revenue to contribute to the bottom line [4] - The company experienced a 29% increase in average revenue per user and growth in iGaming revenue, indicating a positive trend towards sustained profitability [3] Market Dynamics - There are concerns regarding slower growth in iGaming and active users as DraftKings expands into new markets, which may indicate market saturation in early-entry states [7][8] - DraftKings continues to trade at growth-stock valuations, necessitating evidence that any deceleration in growth is a natural plateau rather than a sign of deeper issues [9] Stock Performance - DraftKings stock has increased over 20% in 2025, outperforming other consumer discretionary stocks, and is currently trading above its 50-day simple moving average [15] - Analysts have set a consensus price target of $54.48 for DraftKings stock, indicating a potential upside of 22% from its recent closing price [16] New Product Developments - DraftKings has launched prediction markets in select states, although these may come under the oversight of the U.S. Commodity Futures Trading Commission, raising concerns among investors [13][14] - While prediction markets currently contribute a small portion of revenue, they represent an opportunity for growth in a competitive market [14]
Align Technology (ALGN) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-07-24 14:46
From a technical perspective, Align Technology (ALGN) is looking like an interesting pick, as it just reached a key level of support. ALGN recently overtook the 20-day moving average, and this suggests 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 ...
Kimbell Royalty (KRP) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-07-03 14:36
Technical Analysis - Kimbell Royalty (KRP) 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 (SMA) is a popular tool among traders as it smooths out price fluctuations and can signal trend reversals more effectively than longer-term averages [2] Performance Metrics - KRP has moved 8.4% higher over the last four weeks, suggesting potential for further gains [4] - The company currently holds a Zacks Rank 2 (Buy), indicating positive market sentiment [4] Earnings Estimates - There have been two upward revisions in KRP's earnings estimates for the current fiscal year, with no downward revisions, leading to an increased consensus estimate [4][5] - The combination of positive technical factors and earnings estimate revisions may attract investor interest for potential gains in the near future [5]
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].
Cintas (CTAS) Just Flashed Golden Cross Signal: Do You Buy?
ZACKS· 2025-04-10 14:35
Core Viewpoint - Cintas (CTAS) is showing potential as a good stock pick from a technical perspective after surpassing key resistance levels, indicating a short-term bullish trend [1]. Technical Analysis - The 20-day simple moving average (SMA) is a popular trading tool that reflects a stock's price over a 20-day period, smoothing out short-term price trends and providing trend reversal signals [2]. - A stock price above the 20-day moving average indicates a positive trend, while a price below suggests a downward trend [3]. Performance Metrics - Cintas shares have increased by 6.1% over the past four weeks, indicating positive momentum [5]. - The company holds a Zacks Rank 2 (Buy), suggesting potential for continued price appreciation [5]. - There have been 7 upward revisions in earnings estimates for the current fiscal year, with no downward revisions, further supporting a bullish outlook [5]. Future Outlook - Investors are encouraged to monitor Cintas for potential gains due to its key technical levels and favorable earnings estimate revisions [6].