From a technical perspective, Riskified (RSKD - Free Report) is looking like an interesting pick, as it just reached a key level of support. RSKD recently overtook the 200-day moving average, and this suggests a long-term bullish trend.
The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.
RSKD has rallied 5.9% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests RSKD could be on the verge of another move higher.
Once investors consider RSKD's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the past two months for the current fiscal year, compared to 3 higher, and the consensus estimate has increased as well.
Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on RSKD for more gains in the near future.
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From a technical perspective, Riskified (RSKD - Free Report) is looking like an interesting pick, as it just reached a key level of support. RSKD recently overtook the 200-day moving average, and this suggests a long-term bullish trend.
The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.
RSKD has rallied 5.9% over the past four weeks, and the company is a Zacks Rank #3 (Hold) at the moment. This combination suggests RSKD could be on the verge of another move higher.
Once investors consider RSKD's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the past two months for the current fiscal year, compared to 3 higher, and the consensus estimate has increased as well.
Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on RSKD for more gains in the near future.
Top 5 Dividend Stocks for Your Retirement
Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.
Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.
See our Top 5 now – the report is FREE >>
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