-
AAPL
Apple
-
#1
-
NVDA
NVIDIA
-
#2
-
MU
Micron Technology
-
#3
-
AVGO
Broadcom
-
#4
-
SNDK
Sandisk Corporation
-
#5
-
PLTR
Palantir Technologies
-
#6
-
CRDO
Credo Technology Group
-
#7

Image: Bigstock
TFI International Inc. (TFII) Just Overtook the 50-Day Moving Average
From a technical perspective, TFI International Inc. (TFII - Free Report) is looking like an interesting pick, as it just reached a key level of support. TFII recently overtook the 50-day moving average, and this suggests a short-term bullish trend.
The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.
TFII could be on the verge of another rally after moving 6.4% higher over the last four weeks. Plus, the company is currently a Zacks Rank #3 (Hold) stock.
Once investors consider TFII'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 6 higher, and the consensus estimate has increased as well.
With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on TFII for more gains in the near future.