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FTAI Aviation (FTAI) Just Overtook the 200-Day Moving Average
After reaching an important support level, FTAI Aviation (FTAI - Free Report) could be a good stock pick from a technical perspective. FTAI surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.
A useful tool for traders and analysts, the 200-day simple moving average helps determine long-term market trends for stocks, commodities, indexes, and other financial instruments. It moves higher or lower in conjunction with longer-term price performance, and serves as a support or resistance level.
Shares of FTAI have been moving higher over the past four weeks, up 20.6%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that FTAI could be poised for a continued surge.
Looking at FTAI's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 2 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.
Investors should think about putting FTAI on their watchlist given the ultra-important technical indicator and positive move in earnings estimate revisions.