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Moving Average Crossover: Great News for Gerdau SA (GGB)

Zacks Equity Research

Gerdau SA ( GGB ) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for GGB broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by 5.93% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.

GERDAU SA (GGB): Free Stock Analysis Report

Zacks Investment Research