Zebra Technologies (ZBRA) Crossed Above the 200-Day Moving Average: What That Means for Investors

Zebra Technologies (ZBRA) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ZBRA broke through the 200-day moving average, which suggests a long-term bullish trend.The 200-day simple moving average is widely-used by traders and analysts, and helps establish market trends for stocks, commodities, indexes, and other financial instruments over the long term. The indicator moves higher or lower together with longer-term price moves, serving as a support or resistance level.Shares of ZBRA have been moving higher over the past four weeks, up 10.6%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that ZBRA could be poised for a continued surge.Looking at ZBRA's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 2 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.Investors may want to watch ZBRA for more gains in the near future given the company's key technical level and positive earnings estimate revisions.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>This article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks