Jackson Financial (JXN) Crossed Above the 20-Day Moving Average: What That Means for Investors

Jackson Financial (JXN) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, JXN crossed above the 20-day moving average, suggesting a short-term bullish trend.

A well-liked tool among traders, the 20-day simple moving average offers a look back at a stock's price over a 20-day period. This is very beneficial to short-term traders, as it smooths out short-term price trends and gives more trend reversal signals than longer-term moving averages.

Similar to other SMAs, if a stock's price moves above the 20-day, the trend is considered positive, while price falling below the moving average can signal a downward trend.

Shares of JXN have been moving higher over the past four weeks, up 8.1%. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock, suggesting that JXN could be poised for a continued surge.

Once investors consider JXN's positive earnings estimate revisions, the bullish case only solidifies. No earnings estimate has been lowered in the past two months, compared to 2 raised estimates, for the current fiscal year, and the consensus estimate has increased as well.

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

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This article originally published on Zacks Investment Research (zacks.com).

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