-
MU
Micron Technology
-
#1
-
AAPL
Apple
-
#2
-
NVDA
NVIDIA
-
#3
-
AMD
Advanced Micro Devices
-
#4
-
SNDK
Sandisk Corporation
-
#5
-
AVGO
Broadcom
-
#6
-
PLTR
Palantir Technologies
-
#7

Image: Bigstock
Clear Secure (YOU) Recently Broke Out Above the 20-Day Moving Average
Clear Secure (YOU - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, YOU crossed above the 20-day moving average, suggesting 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.
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.
Shares of YOU have been moving higher over the past four weeks, up 9.9%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that YOU could be poised for a continued surge.
Once investors consider YOU'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.
Investors may want to watch YOU for more gains in the near future given the company's key technical level and positive earnings estimate revisions.