Lattice Semiconductor (LSCC) Just Overtook the 20-Day Moving Average
From a technical perspective, Lattice Semiconductor (LSCC) is looking like an interesting pick, as it just reached a key level of support. LSCC recently overtook the 20-day moving average, and this suggests a short-term bullish trend.
The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.
The 20-day moving average can show signals that are similar to other SMAs as well. If a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
LSCC could be on the verge of another rally after moving 9.4% higher over the last four weeks. Plus, the company is currently a Zacks Rank #2 (Buy) stock.
The bullish case only gets stronger once investors take into account LSCC's positive earnings estimate revisions. There have been 3 revisions higher for the current fiscal year compared to none lower, and the consensus estimate has moved up as well.
With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on LSCC for more gains in the near future.
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Lattice Semiconductor Corporation (LSCC) : Free Stock Analysis Report
