Viasat (VSAT) Shows Strong Technical Signals for Investors
Viasat (VSAT) appears to be an intriguing investment choice from a technical standpoint, having reached a significant level of support. Recently, VSAT’s stock crossed above the 20-day moving average, an indicator that points to a potential short-term bullish trend.
The 20-day simple moving average (SMA) is a popular tool among traders. It reflects a stock’s price over the last 20 days, which helps short-term traders identify trends more easily. This moving average smooths out fluctuations, providing more reliable signals for trend reversals compared to longer-term averages.
Typically, when a stock’s price rises above the 20-day SMA, it indicates a positive trend. Conversely, if the price falls below this moving average, it may suggest a downward trend.
Over the past month, VSAT shares have risen by 6.8%. Additionally, the stock currently holds a Zacks Rank of #2 (Buy), hinting that it may continue to experience upward momentum.
The bullish outlook is further strengthened by the positive revisions in earnings estimates for VSAT. In the past two months, no earnings estimates have declined for the current fiscal year, while three have been upgraded. This has led to an increase in the consensus earnings estimate.
Considering the favorable combination of earnings estimate revisions along with a crucial technical indicator crossover, investors may want to monitor VSAT for additional gains in the coming weeks.
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Viasat Inc. (VSAT) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
