Howard Hughes Holdings (HHH) Just Flashed Golden Cross Signal: Do You Buy?

From a technical perspective, Howard Hughes Holdings Inc. (HHH) is looking like an interesting pick, as it just reached a key level of support. HHH's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 200-day, since bigger time periods tend to form stronger breakouts.Golden crosses have three key stages that investors look out for. It starts with a downtrend in a stock's price that eventually bottoms out, followed by the stock's shorter moving average crossing over its longer moving average and triggering a trend reversal. The final stage is when a stock continues the upward climb to higher prices.A golden cross contrasts with a death cross, another widely-followed chart pattern that suggests bearish momentum could be on the horizon.Shares of HHH have been moving higher over the past four weeks, up 10.6%. Plus, the company is currently a #1 (Strong Buy) on the Zacks Rank, suggesting that HHH could be poised for a breakout.Looking at HHH's earnings expectations, investors will be even more convinced of the bullish uptrend. For the current quarter, there have been 0 changes higher compared to none lower over the past 60 days, and the Zacks Consensus Estimate has moved up as well.Investors may want to watch HHH for more gains in the near future given the company's key technical level and positive earnings estimate revisions.One Big Gain, Every Trading DayTo help you take full advantage of this market, you’re invited to access every stock recommendation in all our private portfolios - for just $1.Zacks private portfolio services that closed 256 double and triple-digit winners in 2024 alone. That’s about one big gain every day the market was open. Of course, not all our picks are winners, but members have seen recent gains as high as +627% +1,340%, and +1,708%.Imagine how much you could profit with a steady stream of real-time picks from all our services that cover a number of strategies to suit a variety of investing and trading styles.See Stocks Now >>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 Howard Hughes Holdings Inc. (HHH): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks