Latest news with #bullishTrend
Yahoo
27-06-2025
- Business
- Yahoo
OneSpaWorld (OSW) Now Trades Above Golden Cross: Time to Buy?
After reaching an important support level, OneSpaWorld Holdings Limited (OSW) could be a good stock pick from a technical perspective. OSW recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts. A successful golden cross event has three stages. It first begins when a stock's price on the decline bottoms out. Then, its shorter moving average crosses above its longer moving average, triggering a positive trend reversal. The third and final phase occurs when the stock maintains its upward momentum. A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon. Shares of OSW have been moving higher over the past four weeks, up 8%. Plus, the company is currently a #3 (Hold) on the Zacks Rank, suggesting that OSW could be poised for a breakout. Once investors consider OSW's positive earnings outlook for the current quarter, the bullish case only solidifies. No earnings estimate has gone lower in the past two months compared to 3 revisions higher, and the Zacks Consensus Estimate has increased as well. Given this move in earnings estimates and the positive technical factor, investors may want to keep their eye on OSW for more gains in the near future. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report OneSpaWorld Holdings Limited (OSW) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
18-06-2025
- Business
- Yahoo
After Golden Cross, Diversified Healthcare (DHC)'s Technical Outlook is Bright
After reaching an important support level, Diversified Healthcare Trust (DHC) could be a good stock pick from a technical perspective. DHC recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average. 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 average. Typically, a golden cross involves the 50-day and the 200-day moving averages, since bigger time periods tend to form stronger breakouts. A successful golden cross event has three stages. It first begins when a stock's price on the decline bottoms out. Then, its shorter moving average crosses above its longer moving average, triggering a positive trend reversal. The third and final phase occurs when the stock maintains its upward momentum. A golden cross is the opposite of a death cross, another technical event that indicates bearish price movement may be on the horizon. Shares of DHC have been moving higher over the past four weeks, up 14.7%. Plus, the company is currently a #2 (Buy) on the Zacks Rank, suggesting that DHC could be poised for a breakout. The bullish case only gets stronger once investors take into account DHC's positive earnings outlook for the current quarter. There have been 1 upwards revisions compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well. Investors should think about putting DHC on their watchlist given the ultra-important technical indicator and positive move in earnings estimates. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Diversified Healthcare Trust (DHC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
