If history is any guide, there may be good fortune ahead for shares of KKR & Co KKR. 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 KKR & Co, which is trading around $58.02 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 KKR & Co's past and upcoming earnings expectations:
Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
---|---|---|---|---|
EPS Estimate | 0.86 | 0.95 | 0.98 | 1.21 |
EPS Actual | 0.93 | 0.95 | 1.10 | 1.59 |
Revenue Estimate | 1.54B | 1.78B | 1.73B | 1.88B |
Revenue Actual | 1.67B | 1.78B | 1.90B | 2.22B |
Quarter | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 |
---|---|---|---|---|
EPS Estimate | 0.86 | 0.95 | 0.98 | 1.21 |
EPS Actual | 0.93 | 0.95 | 1.10 | 1.59 |
Revenue Estimate | 1.54B | 1.78B | 1.73B | 1.88B |
Revenue Actual | 1.67B | 1.78B | 1.90B | 2.22B |
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