If history is any guide, there may be good fortune ahead for shares of Agilon Health AGL. A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.
What To Know: Many traders use moving average crossover systems to make their decisions.
When a shorter-term average price crosses above a longer-term average price, it could mean the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is lower.
Why It's Important: The 50-day and the 200-day simple moving averages are commonly used.
The golden cross occurs when the 50-day crosses above the 200-day. This could mean the long-term trend is changing.
That just happened with Agilon Health, which is trading around $25.29 at publication time.
Remember: Seasoned investors don't blindly trade Golden Crosses.
Instead, they use it as a signal to start looking for long positions based on other factors, like price levels and company fundamentals & events.
For seasoned investors, this is just a sign that it might be time to start considering possible long positions.
With that in mind, take a look at Agilon Health's past and upcoming earnings expectations:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | -0.11 | -0.10 | -0.05 | |
EPS Actual | 0 | -0.14 | -0.09 | -0.79 |
Revenue Estimate | 642.23M | 452.89M | 450.35M | 473.29M |
Revenue Actual | 653.45M | 462.89M | 458.61M | 498.96M |
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | -0.11 | -0.10 | -0.05 | |
EPS Actual | 0 | -0.14 | -0.09 | -0.79 |
Revenue Estimate | 642.23M | 452.89M | 450.35M | 473.29M |
Revenue Actual | 653.45M | 462.89M | 458.61M | 498.96M |
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