NYSE:HLIOMachinery
Helios Technologies (HLIO): Revisiting Valuation After Bullish Momentum and Upgraded Earnings Outlook
If you have been watching Helios Technologies (HLIO), you probably noticed the recent excitement. The company’s shares surged after the 50-day moving average crossed above the 200-day moving average, an occurrence known as a golden cross that many traders interpret as a sign the momentum may be shifting in favor of the bulls. Along with a series of upward earnings estimate revisions, there is a renewed sense of confidence surrounding HLIO’s near-term prospects.
This technical development...