Should You Buy AngioDynamics (ANGO) After Golden Cross?

Technical Analysis - AngioDynamics, Inc. (ANGO) has reached a key level of support, indicated by a "golden cross" where its 50-day simple moving average has crossed above its 200-day simple moving average, suggesting a potential bullish breakout [1] - A golden cross is formed when a stock's short-term moving average surpasses a longer-term moving average, typically the 50-day and 200-day, which are considered to create stronger breakouts [1] - The successful golden cross event consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer one, and the stock maintains upward momentum [1] Recent Performance - ANGO has moved 38% higher over the last four weeks, indicating a strong upward trend [2] - The company is currently rated as a 1 (Strong Buy) on the Zacks Rank, further supporting the bullish outlook [2] - Earnings expectations for the current quarter are positive, which may reinforce investor confidence in the bullish trend [2]