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Texas Pacific Land Trust (TPL)

Texas Pacific Land Trust TPL appears to be an interesting choice from a technical perspective as the company sees favorable trends on the moving average crossover front. Recently, the 50-day moving average for TPL broke out above the 200-day simple moving average, indicating a short-term uptrend.

This has already started, with the stock up 25.8% in the last four weeks. Additionally, the company currently has a Zacks Rank #2 (Buy), suggesting that now could definitely be the time for this breakthrough candidate.

Investors may be even more optimistic when they consider what has happened recently with TPL’s earnings estimate revisions. No estimate is lower compared to one higher in recent TPL months, while the consensus estimate has also increased.

Given this change in estimates and positive technical factors, investors may want to keep a close eye on this breakout candidate for further gains in the near term. You can see You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Texas Pacific Land Trust (TPL): Free Stock Analysis Report

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