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Lincoln Educational Services Corporation (LINC) Just Overtook the 50-Day Moving Average

Zacks Equity Research
·1 min read

Lincoln Educational Services Corporation (LINC) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, LINC broke through the 50-day moving average, which suggests a short-term bullish trend.

One of the three major moving averages, the 50-day simple moving average is commonly used by traders and analysts to determine support or resistance levels for different types of securities. However, the 50-day is considered to be more important since it's the first marker of an up or down trend.

LINC could be on the verge of another rally after moving 12.7% higher over the last four weeks. Plus, the company is currently a Zacks Rank #3 (Hold) stock.

Looking at LINC's earnings estimate revisions, investors will be even more convinced of the bullish uptrend. There have been 2 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.

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


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