Itron (ITRI) Crossed Above the 50-Day Moving Average: What That Means for Investors
Itron(ITRI) ZACKS·2024-07-24 22:31
After reaching an important support level, Itron (ITRI) could be a good stock pick from a technical perspective. ITRI surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend. ITRI has rallied 9.9% over the past four weeks, and the company is a Zacks Rank #2 (Buy) at the moment. This combination suggests ITRI could be on the verge of another move higher. With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their ey ...