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Angi (ANGI) Recently Broke Out Above the 20-Day Moving Average
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Angi (ANGI - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ANGI broke through the 20-day moving average, which suggests 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 ANGI have been moving higher over the past four weeks, up 49.8%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that ANGI could be poised for a continued surge.
The bullish case solidifies once investors consider ANGI's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 2 higher, while the consensus estimate has increased too.
Investors should think about putting ANGI on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.
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Angi (ANGI) Recently Broke Out Above the 20-Day Moving Average
Angi (ANGI - Free Report) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ANGI broke through the 20-day moving average, which suggests 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 ANGI have been moving higher over the past four weeks, up 49.8%. Plus, the company is currently a Zacks Rank #3 (Hold) stock, suggesting that ANGI could be poised for a continued surge.
The bullish case solidifies once investors consider ANGI's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 2 higher, while the consensus estimate has increased too.
Investors should think about putting ANGI on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.