U.S. markets closed

  • S&P Futures

    4,221.50
    +11.50 (+0.27%)
     

  • Dow Futures

    33,346.00
    +86.00 (+0.26%)
     

  • Nasdaq Futures

    13,446.50
    +54.50 (+0.41%)
     

  • Russell 2000 Futures

    1,974.10
    +4.60 (+0.23%)
     

  • Crude Oil

    91.52
    -0.41 (-0.45%)
     

  • Gold

    1,804.70
    -9.00 (-0.50%)
     

  • Silver

    20.52
    -0.22 (-1.05%)
     

  • EUR/USD

    1.0297
    -0.0005 (-0.05%)
     

  • 10-Yr Bond

    2.7860
    -0.0110 (-0.39%)
     

  • Vix

    19.74
    -2.03 (-9.32%)
     

  • GBP/USD

    1.2206
    -0.0012 (-0.10%)
     

  • USD/JPY

    132.9910
    +0.1180 (+0.09%)
     

  • BTC-USD

    24,123.77
    +1,263.22 (+5.53%)
     

  • CMC Crypto 200

    570.13
    +38.91 (+7.33%)
     

  • FTSE 100

    7,507.11
    +18.96 (+0.25%)
     

  • Nikkei 225

    27,819.33
    -180.63 (-0.65%)
     

Quidel (QDEL) Crossed Above the 50-Day Moving Average: What That Means for Investors

  • Oops!
    Something went wrong.
    Please try again later.
Zacks Equity Research
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • QDEL
    Watchlist

After reaching an important support level, Quidel (QDEL) could be a good stock pick from a technical perspective. QDEL surpassed resistance at the 50-day moving average, suggesting a short-term bullish trend.

The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.

Moving Average Chart for QDEL
Moving Average Chart for QDEL

Over the past four weeks, QDEL has gained 16.2%. The company is currently ranked a Zacks Rank #1 (Strong Buy), another strong indication the stock could move even higher.

Once investors consider QDEL'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 2 higher, and the consensus estimate has increased as well.

Investors may want to watch QDEL for more gains in the near future given the company's key technical level and positive earnings estimate revisions.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Quidel Corporation (QDEL) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Recommended Stories

  • ‘Load Up,’ Says Jim Cramer About These 2 ‘Strong Buy’ Stocks

    The last few years saw the markets go crazy. Between the COVID lockdowns and market crash, the rebound recovery, last year’s sustained bull run, and this year’s devastating first half that saw the bull turn into a bear. But in all of that, there have been stocks that have outperformed the market. These winning stocks have attracted attention from Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program. Among other things, Cramer has been following stocks which won big during the COVID cris

  • Disney stock pops amid earnings beat and streaming subscriber growth

    Yahoo Finance reporter Allie Canal breaks down Disney's latest earnings results and how it's moving shares to the upside.

  • NIO: Mounting Headwinds Batter Investor Confidence

    Persistent supply issues have deflated expectations for the Chinese automaker

  • Why Plug Power stock is soaring today

    Yahoo Finance's Brian Cheung discusses what's moving Plug Power during Wednesday's trading session.

  • Coupang, Inc. (CPNG) Reports Q2 Loss, Misses Revenue Estimates

    Coupang, Inc. (CPNG) delivered earnings and revenue surprises of 63.64% and 2.24%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

  • US Politicians are Selling These 10 Stocks

    In this article, we discuss the 10 stocks that US Politicians are selling. If you want to read about some more stocks that US Politicians are selling, go directly to US Politicians are Selling These 5 Stocks. Recession fears in the United States stock market have been gathering pace for the past few weeks, even […]

  • Oregon biotech Siga Technologies set to deliver first monkeypox treatment

    Four years after Siga Technologies (Nasdaq: SIGA) gained approval for a smallpox drug, the Corvallis company is gearing up to get the same antiviral into a clinical trial for monkeypox. Tpoxx, also known as tecovirimat, is the only drug available to treat the virus, though it is not yet approved in the U.S. for the disease. The Food and Drug Administration designated Tpoxx as an investigational drug for monkeypox, allowing it to be released from the Strategic National Stockpile only after prescribers jump through considerable hoops.

  • Rivian set to report second-quarter earnings after hours on Thursday

    Yahoo Finance Live co-host Rachelle Akuffo looks at Rivian's stock ahead of its earnings report due out tomorrow.

  • Down More Than 40%: These 2 ‘Strong Buy’ Stocks Are Flirting With a Bottom

    While every market advisor will tell you never to try to ‘time’ the market, timing is still important for success. Investors need to buy into low prices, and to do that, they need to know when prices are low. This doesn’t necessarily mean low in absolute dollar terms, but low relative to a stock’s recent past performance. In recognizing that lower price range, investors can turn to Wall Street’s pros for help. The analysts have been busy lately, picking out stocks that are in their lower price r

  • Pan American Silver reports Q2 2022 results

    Pan American Silver Corp. (NASDAQ: PAAS) (TSX: PAAS) ("Pan American" or the "Company") today reported unaudited results for the quarter ended June 30, 2022 ("Q2 2022").

  • This Analyst is Bullish on 8 Auto Stocks for the Rest of 2022

    In this article, we’ll discuss the 8 auto stocks analyst Itay Michaeli at Citi has a bullish stance on. If you want to skip our discussion on the automotive industry outlook, go directly to This Analyst is Bullish on 4 Auto Stocks for the Rest of 2022. In a research note issued on August 2, […]

  • Are you still paying 1% to your financial adviser? Here’s what might make a lot more sense — and save you tens of thousands of dollars

    Many financial advisers charge based on how much money they manage on your behalf, and 1% of your total assets under management is a pretty standard fee. “Under $1 million dollars of investable assets, the flat fee may consume a very large percentage of their account and that would not be smart or advisable for the client,” says Paddock. In general, clients would do well to understand that percentage fees work well on smaller balances while flat fees are best for larger asset balances — and using the $1 million dollar threshold can be an easy way to draw a line in the sand for a client, says Kaleb Paddock, certified financial planner at Ten Talents Financial Planning.

  • Mocked by Everyone, Stock Rally Sits at Cusp of a Chart Landmark

    (Bloomberg) -- It’s doomed, it’s a bear-market rally, a rebound that won’t last. All the mud thrown at equities over the last month may well turn out to be true. But it’s getting harder to brush aside the recovery in the S&P 500 as it hovers at a widely watched landmark in charts.Most Read from BloombergMusk Sells Another $6.9 Billion of Tesla Ahead of Twitter TrialUS Inflation Runs Cooler Than Forecast, Easing Pressure on FedDozens in China Infected With New ‘Langya’ Virus Carried by ShrewsRuss

  • Lithium Likely to Become a De-Facto Precious Metal: 5 Picks

    We have narrowed our search to five lithium producers. These are: ALB, LTHM, PLL, LAC and SQM.

  • Dow Jones Pops On Inflation Data; Tesla Gains As Elon Musk Makes This Promise; Coinbase Up As Bitcoin Rallies

    The Dow Jones gained on inflation data. Tesla stock was up after Elon Musk made a promise. Coinbase was up amid a Bitcoin rally. Apple rose.

  • You'll Be Sorry If You Sell These 7 Value Stocks Now, Analysts Say

    Value stocks in the S&P 500 are outperforming this year. But analysts still think it's a mistake to part with some of them too soon.

  • This is the ‘Jay Leno rule’ of saving money — and you don’t have to be rich to make it work for you

    Comedian Jay Leno has openly shared that while collecting two salaries — one from his Tonight Show hosting gig and one from the 150 annual comedy shows he’d appear in — he never spent any of his Tonight Show salary and instead only spent what he made doing stand-up. Certified financial planner Don Grant advises reviewing your spending and netting it against your income.

  • Inflation: What July’s CPI data means for the Fed

    Yahoo Finance Live’s Brian Cheung explains July Consumer Price Index (CPI) data and what the report means for the Fed moving forward.

  • FCC denies SpaceX's Starlink its $1 billion bid on rural broadband expansion

    Yahoo Finance Live's Rachelle Akuffo reports on the FCC rebuffing SpaceX's bid for rural broadband subsidies.

  • 10 Healthcare and Biotech Stocks to Buy Amid Monkeypox Threat

    In this article, we will look at 10 healthcare and biotech stocks to buy amid the monkeypox threat. If you want to explore similar healthcare and biotech stocks, you can also take a look at 5 Healthcare and Biotech Stocks to Buy Amid Monkeypox Threat. In May of 2022, the first case of the monkeypox […]