Momentum Trades: Analysts Are Upgrading Earning Estimates for These 5 Breakout Stocks

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 |  Includes: CECO, NHP, SNH, SONS, YGE
by: Kapitall

If you're looking for momentum ideas, the following list might offer a good starting point.

Here we present five stocks that have just seen their 50-day moving average cross above their 200-day moving average, a bullish momentum indicator referred to as “the golden cross.” In addition, all five of these companies have seen analyst upgrades for current quarter earnings estimates within the past month…some within the past week.

Do you think these bullish earnings estimates are already priced in? Or do their golden crosses indicate an opportunity to buy? Refer to the data below for guidance.

Analyst earnings estimates sourced from Yahoo! Finance, all other data sourced from Finviz.



List sorted by number of analysts raising estimates over the last 30 days.

1. Yingli Green Energy Holding Co. Ltd. (NYSE:YGE): Semiconductor Industry. Market cap of $1.62B. SMA50 at $11.41 vs. SMA200 at $11.23 (price at $10.84). Over the last thirty days, 16 analysts raised their EPS estimates. Note that this is a risky stock that is significantly more volatile than the overall market (beta = 3.03). It's been a rough couple of days for the stock, losing 5.29% over the last week.

2. Senior Housing Properties Trust (NYSE:SNH): REIT. Market cap of $3.29B. SMA50 at $22.27 vs. SMA200 at $21.97 (price at $23.29). Over the last seven days, 2 analysts raised their EPS estimates. Over the last thirty days, 6 analysts raised their estimates. It's been a rough couple of days for the stock, losing 5.62% over the last week.

3. Career Education Corp. (NASDAQ:CECO)
: Education & Training Services Industry. Market cap of $1.73B. SMA50 at $22.24 vs. SMA200 at $21.50 (price at $22.16). Over the last seven days, 1 analyst raised their EPS estimate. Over the last thirty days, 5 analysts raised their estimates. The stock is a short squeeze candidate, with a short float at 8.38% (equivalent to 7.17 days of average volume).

4. Nationwide Health Properties Inc. (NYSE:NHP): REIT. Market cap of $5.12B. SMA50 at $37.07 vs. SMA200 at $36.63 (price at $40.60). Over the last seven days, 4 analysts raised their EPS estimates. Over the last thirty days, 4 analysts raised their estimates, 1 analyst lowered their estimate. It's been a rough couple of days for the stock, losing 5.22% over the last week.

5. Sonus Networks, Inc. (NASDAQ:SONS): Communication Equipment Industry. Market cap of $1.08B. SMA50 at $3.04 vs. SMA200 at $2.97 (price at $3.94). Over the last seven days, 2 analysts raised their EPS estimates. Over the last thirty days, 2 analysts raised their estimates, 1 analyst lowered their estimate. Exhibiting strong upside momentum--currently trading 18.24% above its SMA20, 29.45% above its SMA50, and 32.85% above its SMA200. The stock has had a couple of great days, gaining 28.38% over the last week.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.