Nov
19
Grupo Financiero Galicia S.A.
is looking like an interesting pick from a technical perspective,
as the company is seeing favorable trends on the moving average
crossover front. Recently, the 50 Day Moving Average for GGAL broke
out above the 200 Day Simple Moving Average, suggesting a
short-term bullish trend.
This has already started to take place, as the stock has moved
higher by 32.4% in the past four weeks. Plus, the company currently
has a Zacks Rank #1 (Strong Buy) suggesting that now could
definitely be the time for this breakout candidate.
More bullishness may especially be the case when investors
consider what has been happening for GGAL on the earnings estimate
revision front lately. No estimates have gone lower in the past two
months, compared to 1 higher, while the consensus estimate has also
moved higher too.
So given this move in estimates, and the positive technical
factors, investors may want to watch this breakout candidate
closely for more gains in the near future.
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30 Days.
Click to get this free report
GRUPO GALIC ADR (GGAL): Free Stock Analysis
Report
To read this article on Zacks.com click here.
Open all references in tabs: [1 – 6]
Comments
Leave a Reply
You must be logged in to post a comment.