Back to top

Image: Bigstock

Atmus Filtration Technologies (ATMU) Just Overtook the 200-Day Moving Average

Read MoreHide Full Article

From a technical perspective, Atmus Filtration Technologies (ATMU - Free Report) is looking like an interesting pick, as it just reached a key level of support. ATMU recently overtook the 200-day moving average, and this suggests a long-term bullish trend.

The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.

ATMU has rallied 27.6% over the past four weeks, and the company is a Zacks Rank #2 (Buy) at the moment. This combination suggests ATMU could be on the verge of another move higher.

Looking at ATMU'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.

With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on ATMU for more gains in the near future.

Published in