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Kosmos Energy (KOS) Just Overtook the 200-Day Moving Average

Zacks Equity Research
·1 min read

Kosmos Energy (KOS) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, KOS broke through the 200-day moving average, which suggests a long-term bullish trend.

A useful tool for traders and analysts, the 200-day simple moving average helps determine long-term market trends for stocks, commodities, indexes, and other financial instruments. It moves higher or lower in conjunction with longer-term price performance, and serves as a support or resistance level.

Shares of KOS have been moving higher over the past four weeks, up 5.6%. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock, suggesting that KOS could be poised for a continued surge.

Looking at KOS's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 1 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.

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


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Zacks Investment Research