Alliance Resource Partners, L.P. (ARLP) Just Flashed Golden Cross Signal: Do You Buy?

Core Viewpoint - Alliance Resource Partners, L.P. (ARLP) shows potential as a stock pick due to its recent technical indicators and positive earnings revisions, suggesting a bullish trend ahead [1][3]. Technical Analysis - ARLP has surpassed the 20-day moving average, indicating a short-term bullish trend [1]. - The 20-day simple moving average is a favored tool among traders for smoothing out short-term price trends and providing trend reversal signals [1]. Performance Metrics - Over the past four weeks, ARLP has gained 7.5% [3]. - The company holds a Zacks Rank 2 (Buy), indicating strong potential for further price increases [3]. Earnings Estimates - There has been one upward revision in earnings estimates for the current fiscal year, with no downward revisions, leading to an increased consensus estimate [3]. - The combination of positive technical factors and favorable earnings estimate revisions suggests that ARLP may continue to see gains in the near future [3].