Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Rubicon Project (RUBI) Stock: Moving Average Crossover Alert

The Rubicon Project Inc RUBI may be a solid choice for technical investors, as the firm saw some good news with its moving average crossover. RUBI just saw its 50 Day Moving Average break out above its 200 Day Simple Moving Average, meaning that there could be some short-term bullishness for the stock.

You could definitely argue that this has already started to take place, as shares of RUBI have jumped by 10.7% in the trailing 4 weeks. If that wasn’t enough, the company currently possesses a Zacks Rank #2 (Buy), so it could have more room to run in the weeks ahead too.

More bullishness may especially be the case when investors consider what has been happening for RUBI on the earnings estimate revision front lately. One estimate has gone lower in the past two months, compared to 4 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
RUBICON PROJECT (RUBI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research