Workday (WDAY) Crossed Above the 200-Day Moving Average: What That Means for Investors
The bullish case solidifies once investors consider WDAY's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, while the consensus estimate has increased too. With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on WDAY for more gains in the near future. A useful tool for traders and analysts, the 200-day simple moving average helps determine long-ter ...