BEKE(BEKE) zacks.com·2024-05-23 14:56Core Insights - KE Holdings Inc. (BEKE) has reached an important support level and is considered a good stock pick from a technical perspective due to a recent "golden cross" event [1] - The golden cross indicates a bullish breakout, occurring when the 50-day simple moving average surpasses the 200-day simple moving average, which is a strong indicator of potential upward momentum [1] - BEKE's shares have increased by 37.4% over the past four weeks, and the company holds a 1 (Strong Buy) rating on the Zacks Rank, suggesting a favorable outlook for further price appreciation [1] Technical Analysis - A golden cross consists of three stages: the stock price bottoms out, the shorter moving average crosses above the longer moving average, and the stock maintains upward momentum [1] - The golden cross is contrasted with a death cross, which signals potential bearish price movement [1] Earnings Outlook - The positive earnings outlook for BEKE further supports the bullish case, as no earnings estimates have been cut for the current quarter [1]