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If history is any guide, there may be good fortune ahead for shares of Willis Towers Watson (NASDAQ:WTW). 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 Willis Towers Watson, which is trading around $237.69 at publication time.
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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 Willis Towers Watson's past and upcoming earnings expectations:
Quarter | Q4 2021 | Q3 2021 | Q2 2021 | Q1 2021 |
---|---|---|---|---|
EPS Estimate | 4.98 | 1.39 | 2 | 3.28 |
EPS Actual | 5.67 | 1.73 | 2.66 | 3.64 |
Revenue Estimate | 2.50B | 1.80B | 2.21B | 2.50B |
Revenue Actual | 2.71B | 1.97B | 2.29B | 2.59B |
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This article was generated by Benzinga's automated content engine and reviewed by an editor.