If history is any guide, there may be good fortune ahead for shares of American Homes 4 Rent (NYSE:AMH). 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 American Homes 4 Rent, which is trading around $34.30 at publication time.
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signals
Remember: Seasoned investors don’t blindly trade Golden Crosses.
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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 American Homes 4 Rent’s past and upcoming earnings expectations:
| Quarter | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 |
|---|---|---|---|---|
| EPS Estimate | ||||
| EPS Actual | 0.41 | 0.4 | 0.33 | 0.34 |
| Revenue Estimate | 390.57M | 383.32M | 379.59M | 359.47M |
| Revenue Actual | 397.70M | 380.93M | 391.63M | 361.88M |
Also consider this overview of American Homes 4 Rent analyst ratings:
© Provided by Benzinga
ratings
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This article was generated by Benzinga’s automated content engine and reviewed by an editor.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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This article A Bullish Sign Appears On American Homes 4 Rent’s Chart originally appeared on Benzinga.com.