Moving Average Crossover Alert: RISE Education Cayman

RISE Education Cayman Ltd REDU is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for REDU broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by 20.9% in the past four weeks. Plus, the company currently has a Zacks Rank #1 (Strong Buy) suggesting that now could definitely be the time for this breakout candidate.

More bullishness may especially be the case when investors consider what has been happening for REDU on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 1 higher, while the consensus estimate has also moved higher too.

So, given this move in estimates, and the positive technical factors,

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Buick Electra reborn as all-new electric crossover

General Motors has revived an old nameplate for its second new-generation electric vehicle: Electra.

Following just weeks after the unveiling of the Cadillac Lyriq, the Buick Electra crossover concept is similarly based on GM’s Ultium battery technology and dedicated BEV3 modular architecture.

The Buick was unveiled in China, which reflects the popularity of the luxury brand in the world’s biggest auto market and the huge push towards electrified vehicles going on there.

But rather than pulling the covers off at the Beijing motor show that’s happening at the moment, GM digitally revealed the Electra in Shanghai, which is home to the US car-maker’s Chinese headquarters and the technical centre where the concept was developed.

While the Lyriq is expected to launch in full production form from late 2022 and GM has promised to release 20 EVs by 2023, the production version of the reborn Electra is not expected before 2024.

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