Federal Realty Investment Trust (FRT - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, FRT crossed above the 20-day moving average, suggesting 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 other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
Shares of FRT have been moving higher over the past four weeks, up 7.4%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that FRT could be poised for a continued surge.
The bullish case only gets stronger once investors take into account FRT's positive earnings estimate revisions. There have been 4 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
Investors may want to watch FRT for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
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Federal Realty Investment Trust (FRT - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, FRT crossed above the 20-day moving average, suggesting 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 other SMAs, if a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
Shares of FRT have been moving higher over the past four weeks, up 7.4%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that FRT could be poised for a continued surge.
The bullish case only gets stronger once investors take into account FRT's positive earnings estimate revisions. There have been 4 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
Investors may want to watch FRT for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
Zacks Reveals ChatGPT "Sleeper" Stock
One little-known company is at the heart of an especially brilliant Artificial Intelligence sector. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
As a service to readers, Zacks is providing a bonus report that names and explains this explosive growth stock and 4 other "must buys." Plus more.
Download Free ChatGPT Stock Report Right Now >>
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