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Geopark (GPRK) Recently Broke Out Above the 20-Day Moving Average

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After reaching an important support level, Geopark (GPRK - Free Report) could be a good stock pick from a technical perspective. GPRK surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show 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.

Moving Average Chart for GPRK

GPRK has rallied 9.8% over the past four weeks, and the company is a Zacks Rank #1 (Strong Buy) at the moment. This combination suggests GPRK could be on the verge of another move higher.

The bullish case solidifies once investors consider GPRK's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, while the consensus estimate has increased too.

Investors may want to watch GPRK for more gains in the near future given the company's key technical level and positive earnings estimate revisions.


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