Back to top

Image: Bigstock

VirTra, Inc. (VTSI) Crossed Above the 20-Day Moving Average: What That Means for Investors

Read MoreHide Full Article

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

The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.

The 20-day moving average can show signals that are similar to other SMAs as well. 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.

VTSI has rallied 36.7% over the past four weeks, and the company is a Zacks Rank #2 (Buy) at the moment. This combination suggests VTSI could be on the verge of another move higher.

Once investors consider VTSI's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 1 raised estimates, for the current fiscal year, 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 VTSI for more gains in the near future.


See More Zacks Research for These Tickers


Normally $25 each - click below to receive one report FREE:


VirTra, Inc. (VTSI) - free report >>

Published in