If history is any guide, there may be good fortune ahead for shares of SolarEdge Technologies SEDG. A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
What To Know: Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.
Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.
The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.
That just happened with SolarEdge Technologies, which is trading around $314.49 at publication time.
Remember: Seasoned investors don't blindly trade Golden Crosses.
Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.
For seasoned investors, this is just a sign that it might be time to start considering possible long positions.
With that in mind, take a look at SolarEdge Technologies's past and upcoming earnings expectations:
| Quarter | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 |
|---|---|---|---|---|
| EPS Estimate | 1.39 | 1.27 | 1.31 | 1.36 |
| EPS Actual | 0.95 | 1.20 | 1.10 | 1.45 |
| Revenue Estimate | 725.05M | 636.02M | 549.35M | 529.99M |
| Revenue Actual | 727.77M | 655.08M | 551.91M | 526.40M |
Also consider this overview of SolarEdge Technologies analyst ratings:
Do you use the Golden Cross signal in your trading or investing? Share this article with a friend if you found it helpful!
This article was generated by Benzinga's automated content engine and reviewed by an editor.
"exciting" - Google News
August 08, 2022 at 09:54PM
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Will Investors Notice Exciting Sign On SolarEdge Technologies Chart? - Benzinga
"exciting" - Google News
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