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JBT Marel (JBTM) Just Flashed Golden Cross Signal: Do You Buy?
ZACKSยท 2025-07-11 14:56
Technical Analysis - JBT Marel Corporation (JBTM) has reached a key level of support, indicated by a "golden cross" where the 50-day simple moving average has crossed above the 200-day simple moving average [1][2] - A golden cross is a bullish chart pattern that suggests a potential breakout, typically involving the 50-day and 200-day moving averages [2] Market Performance - Over the past four weeks, JBTM has gained 11.3%, indicating positive momentum in the stock [4] - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4] Earnings Outlook - JBTM has a positive earnings outlook for the current quarter, with one upward revision in earnings estimates over the past 60 days and no downward revisions [4] - The Zacks Consensus Estimate for JBTM has also increased, reinforcing the bullish sentiment around the stock [4][5]
Bank OZK (OZK) Now Trades Above Golden Cross: Time to Buy?
ZACKSยท 2025-07-08 14:56
Group 1 - Bank OZK (OZK) has reached a key level of support and experienced a "golden cross" where its 50-day simple moving average crossed above its 200-day simple moving average, indicating a potential bullish breakout [1] - A golden cross consists of three stages: a downtrend that bottoms out, a shorter moving average crossing above a longer moving average, and continued upward momentum in stock prices [2] - OZK has rallied 9.6% over the past four weeks and currently holds a 3 (Hold) rating on the Zacks Rank, suggesting it could be poised for a breakout [3] Group 2 - The positive earnings outlook for OZK is supported by one upward revision in earnings estimates over the past 60 days, with no downward revisions, leading to an increase in the Zacks Consensus Estimate [3] - Investors are encouraged to consider adding OZK to their watchlist due to the significant technical indicator and the positive movement in earnings estimates [4]
Should You Buy 1st Source (SRCE) After Golden Cross?
ZACKSยท 2025-07-04 14:56
Core Viewpoint - 1st Source Corporation (SRCE) has reached a significant support level, indicating a potential bullish breakout due to a "golden cross" formation in its moving averages [1] Technical Analysis - SRCE's 50-day simple moving average has recently crossed above its 200-day moving average, a pattern known as a "golden cross," which is typically seen as a bullish signal [1] - The golden cross pattern consists of three stages: a downtrend that bottoms out, a crossover of the shorter moving average over the longer one, and an upward price movement [2] Performance Metrics - Over the past four weeks, SRCE shares have increased by 9.6%, suggesting positive momentum [3] - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating strong potential for further gains [3] Earnings Expectations - Recent earnings expectations for SRCE show one upward revision with no downward changes in the last 60 days, contributing to a more bullish outlook [3] - The Zacks Consensus Estimate for SRCE has also increased, reinforcing the positive sentiment around the stock [3] Investment Consideration - Given the technical indicators and positive earnings revisions, SRCE may present a compelling opportunity for investors looking for potential gains in the near future [5]
Should You Buy WSFS Financial (WSFS) After Golden Cross?
ZACKSยท 2025-07-04 14:56
Core Viewpoint - WSFS Financial Corporation (WSFS) is showing potential for a bullish breakout as it has reached a key support level and experienced a "golden cross" in its moving averages [1][2]. Technical Analysis - A "golden cross" occurs when a short-term moving average, such as the 50-day, crosses above a long-term moving average, like the 200-day, indicating a potential bullish trend [2]. - The formation of a golden cross involves three stages: a downtrend that bottoms out, the crossover of moving averages, and subsequent upward momentum in stock prices [3]. Stock Performance - WSFS shares have increased by 13.9% over the past four weeks, indicating positive momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting strong potential for further gains [4]. Earnings Expectations - Recent changes in earnings estimates show two upward revisions with no downward changes in the last 60 days, contributing to a bullish outlook [4]. - The Zacks Consensus Estimate for WSFS has also increased, reinforcing investor confidence in the stock's upward trend [5].
Should You Buy WisdomTree, Inc. (WT) After Golden Cross?
ZACKSยท 2025-07-04 14:56
Group 1 - WisdomTree, Inc. (WT) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a "golden cross" formation [1] - The golden cross occurs when a stock's 50-day simple moving average breaks above its 200-day moving average, indicating a potential bullish breakout [1][2] - WT has moved 27.7% higher over the last four weeks, suggesting it may be on the verge of a breakout [3] Group 2 - The company currently holds a 2 (Buy) rating on the Zacks Rank, indicating positive sentiment among analysts [3] - There have been two upward revisions in earnings estimates over the past two months, with no estimates going lower, further solidifying the bullish outlook for WT [3] - Investors are encouraged to consider adding WT to their watchlist due to the positive technical indicators and earnings estimate movements [5]
X @TylerD ๐Ÿง™โ€โ™‚๏ธ
And here are the last two DXY death crosseshttps://t.co/XWuBCWOIOzBarchart (@Barchart):U.S. Dollar Index $DXY is about to form a Death Cross โ˜ ๏ธ on the weekly chart (50 week moving average crossing below the 200 week) ๐Ÿšจ A huge upside reversal took place each of the last 2 times this happened (March 2018 and Jan 2021) ๐Ÿ“ˆ๐Ÿ“ˆ https://t.co/ALLwNxT70w ...
X @TylerD ๐Ÿง™โ€โ™‚๏ธ
Interesting to see Hayes calling for BTC to $90k-$95k near term before the big pumpThis actually lines up with the DXY 'death cross' happening now, which has marked a near-term bottom the last 4 times it's taken place https://t.co/HCi5IqYHZX ...
Should You Buy Melco Resorts (MLCO) After Golden Cross?
ZACKSยท 2025-07-02 14:56
Melco Resorts & Entertainment Limited (MLCO) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, MLCO's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most commo ...
Affiliated Managers Group (AMG) Just Flashed Golden Cross Signal: Do You Buy?
ZACKSยท 2025-07-01 14:56
Group 1 - Affiliated Managers Group, Inc. (AMG) has reached an important support level and recently experienced a "golden cross," indicating a potential bullish trend [1][2] - A golden cross occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout is likely [2][3] - Over the past four weeks, AMG's stock has gained 9.4%, and it currently holds a 1 (Strong Buy) rating on the Zacks Rank, indicating strong potential for further gains [4] Group 2 - The positive earnings outlook for AMG supports the bullish case, with no earnings estimates cut and five revisions higher in the past 60 days, leading to an increase in the Zacks Consensus Estimate [4][5] - Investors are encouraged to monitor AMG for potential gains due to the combination of positive technical indicators and favorable earnings revisions [5]
Should You Buy Lumentum (LITE) After Golden Cross?
ZACKSยท 2025-06-30 14:56
Lumentum Holdings Inc. (LITE) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, LITE's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."There's a reason traders love a golden cross -- it's a technical chart pattern that can indicate a bullish breakout is on the horizon. This kind of crossover is formed when a stock's short-term moving average breaks above a longer-term moving avera ...