Groupon (GRPN) Just Flashed Golden Cross Signal: Do You Buy?

Group 1 - Groupon, Inc. (GRPN) has reached a significant support level and is considered a good pick for investors from a technical perspective due to a "golden cross" formation [1] - The golden cross is characterized by a short-term moving average breaking above a long-term moving average, indicating a potential bullish breakout [2] - GRPN shares have increased by 54.6% over the past four weeks, and the company holds a 3 (Hold) rating on the Zacks Rank, suggesting a potential breakout [3] Group 2 - The positive earnings outlook for GRPN is supported by one upward revision in earnings estimates over the past 60 days, with no downward revisions, leading to an increase in the Zacks Consensus Estimate [3] - The combination of earnings estimate revisions and the technical breakout signals indicates that investors should monitor GRPN for potential gains in the near future [4]