Grupo Aeroportuario del Centro Norte (OMAB)'s Technical Outlook is Bright After Key Golden Cross

Core Viewpoint - Grupo Aeroportuario del Centro Norte S.A.B. de C.V. (OMAB) shows potential as a stock pick due to a recent "golden cross" event, indicating a bullish trend [1][2]. Technical Analysis - A "golden cross" occurs when a stock's short-term moving average (50-day) crosses above its long-term moving average (200-day), suggesting a bullish breakout [2]. - The successful golden cross event consists of three stages: a price decline bottoming out, the shorter moving average crossing above the longer one, and maintaining upward momentum [3]. Stock Performance - OMAB shares have increased by 13% over the past four weeks, indicating positive momentum [4]. - The company currently holds a 2 (Buy) rating on the Zacks Rank, suggesting it may be poised for further breakout [4]. Earnings Expectations - Recent earnings expectations for OMAB show one upward revision and no downward changes in the last 60 days, with the Zacks Consensus Estimate also moving higher [4]. - Positive earnings estimate revisions further support the bullish outlook for OMAB [5].