Lamar Advertising Company (NASDAQ:LAMR) – Ominous Death Cross Shapes on Lamar Advertising Board

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If history is any guide, there may be trouble ahead for the actions of Lamar Advertising (NASDAQ: LAMR). A so-called “death cross” has formed on its chart and, unsurprisingly, this could be bearish for the stock.

What there is to know: Many traders use moving average crossover systems to make their decisions.

When a short-term average price rises above a longer-term average price, it can mean that the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is down.

Why it matters: 50 and 200 day simple moving averages are commonly used.

The death cross occurs when the 50 days pass below the 200 days. This could mean that the long-term trend is changing.

This just happened with Lamar Advertising, which is trading around $110.31 at press time.

Remember: Seasoned investors don’t trade death crosses blindly.

Instead, they use it as a signal to start looking for short positions based on other factors, such as price levels and company fundamentals and events.

For seasoned investors, this is just a sign that it may be time to start considering possible short positions.

With that in mind, take a look at Lamar Advertising’s past and future earnings forecasts:

Trimester Q4 2021 Q3 2021 Q2 2021 Q1 2021
EPS estimate 1.18 1.15 0.86
Actual EPS 1.21 1.05 1.18 0.38
Revenue estimate 473.38M 458.94M 427.83M 362.25M
Actual turnover 494.57M 476.89M 445.05M 370.88M

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.

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