Amtech Systems (ASYS) Recently Broke Out Above the 200-Day Moving Average

Amtech Systems (ASYS) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, ASYS crossed above the 200-day moving average, suggesting a long-term bullish trend.The 200-day simple moving average is widely-used by traders and analysts, and helps establish market trends for stocks, commodities, indexes, and other financial instruments over the long term. The indicator moves higher or lower together with longer-term price moves, serving as a support or resistance level.ASYS could be on the verge of another rally after moving 11.2% higher over the last four weeks. Plus, the company is currently a Zacks Rank #1 (Strong Buy) stock.The bullish case only gets stronger once investors take into account ASYS's positive earnings estimate revisions. There have been 1 higher compared to none lower for the current fiscal year, and the consensus estimate has moved up as well.Investors may want to watch ASYS for more gains in the near future given the company's key technical level and positive earnings estimate revisions.Just Released: Zacks Top 10 Stocks for 2025Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Amtech Systems, Inc. (ASYS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks