SkyWest (SKYW) Has Recently Surpassed Its 200-Day Moving Average

SkyWest Shows Promising Technical Signals

SkyWest (SKYW) has recently bounced off a significant support level, making it an appealing choice for investors focused on technical analysis. The stock has broken through resistance at its 200-day moving average, which often points to a sustained upward trend over the long term.

The 200-day simple moving average is a widely used indicator among traders and analysts to gauge the overall direction of stocks, commodities, and indexes. This moving average shifts in line with long-term price movements and frequently acts as a key support or resistance point.

Over the past month, SKYW has climbed 8.7%, suggesting the potential for further gains. Additionally, the stock currently holds a Zacks Rank #2 (Buy), reinforcing its positive outlook.

Optimism around SKYW is further supported by upward revisions in earnings estimates. In the last two months, there have been three increases and no decreases in estimates for the current fiscal year, and the consensus estimate has also moved higher.

Given these encouraging technical and earnings trends, investors may want to keep SKYW on their radar.

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