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Build-A-Bear (BBW) Crossed Above the 50-Day Moving Average: What That Means for Investors

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Build-A-Bear (BBW) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, BBW broke through the 50-day moving average, which suggests a short-term bullish trend.

The 50-day simple moving average is one of three major moving averages used by traders and analysts to determine support or resistance levels for a wide range of securities. But the 50-day is considered to be more important because it's the first marker of an up or down trend.

Moving Average Chart for BBW
Moving Average Chart for BBW

BBW has rallied 5.5% over the past four weeks, and the company is a Zacks Rank #1 (Strong Buy) at the moment. This combination suggests BBW could be on the verge of another move higher.

Once investors consider BBW's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, and the consensus estimate has increased as well.

Given this move in earnings estimate revisions and the positive technical factor, investors may want to keep their eye on BBW for more gains in the near future.


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