Moving Average Crossover Alert: Koppers

Koppers Holdings Inc. From a technical perspective, KOP appears to be an interesting choice as the company sees favorable trends on the moving average crossover front. Recently, the 50-day simple moving average for KOP broke out above the 200-day simple moving average, indicating a short-term uptrend.

This has already started, with the stock up 6.7% over the last four weeks. Additionally, the company currently has a Zacks Rank #1 (Strong Buy), suggesting that now could definitely be the time for this breakthrough candidate.

Things may be even more optimistic when investors consider what has happened recently with KOP’s earnings estimate revisions. In the last two months, no estimate has been lower compared to four months higher, and the consensus estimate has also increased.

Given this change in estimates and positive technical factors, investors may want to keep a close eye on this breakout candidate for further gains in the near term. You can see You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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