U.S. markets close in 3 hours 15 minutes
  • S&P 500

    3,849.34
    -2.51 (-0.07%)
     
  • Dow 30

    31,143.95
    -44.43 (-0.14%)
     
  • Nasdaq

    13,505.21
    +47.96 (+0.36%)
     
  • Russell 2000

    2,141.58
    -19.04 (-0.88%)
     
  • Crude Oil

    53.08
    -0.23 (-0.43%)
     
  • Gold

    1,863.70
    -2.80 (-0.15%)
     
  • Silver

    25.80
    +0.03 (+0.13%)
     
  • EUR/USD

    1.2149
    +0.0034 (+0.28%)
     
  • 10-Yr Bond

    1.1010
    +0.0110 (+1.01%)
     
  • GBP/USD

    1.3712
    +0.0057 (+0.42%)
     
  • USD/JPY

    103.5600
    -0.0100 (-0.01%)
     
  • BTC-USD

    31,904.79
    -3,046.89 (-8.72%)
     
  • CMC Crypto 200

    626.98
    -52.92 (-7.78%)
     
  • FTSE 100

    6,715.42
    -24.97 (-0.37%)
     
  • Nikkei 225

    28,756.86
    +233.60 (+0.82%)
     

SeaWorld Entertainment (SEAS): Moving Average Crossover Alert

Zacks Equity Research

SeaWorld Entertainment, Inc. SEAS could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for SEAS broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 13.7% in the past four weeks. And with the recent moving average crossover, investors have to think that more unfavorable trading is ahead for SEAS stock.

If that wasn’t enough, SeaWorld Entertainment isn’t looking too great from an earnings estimate revision perspective either. It appears as though many analysts have been reducing their earnings expectations for the stock lately, which is usually not a good sign of things to come.

Consider that in the last 60 days, 3 estimates have been reduced, while none have moved higher. Add this in to a similar move lower in the consensus estimate, and there is plenty of reason to be bearish here.

That is why we currently have a Zacks Rank #5 (Strong Sell) on this stock and are looking for it to underperform in the weeks ahead. So either avoid this stock or consider jumping ship until the estimates and technical factors turn around for SEAS.

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 >>


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
 
SEAWORLD ENTERT (SEAS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.