Energy Services of America Corp. Forms Golden Cross, Signals Bullish Breakout Ahead

Energy Services of America Corp., a microcap player in the construction industry, has recently experienced a significant technical event known as a Golden Cross. This occurs when a stock's short-term moving average crosses above its long-term moving average, often signaling a potential shift in momentum towards bullish trends.
The current technical indicators for Energy Services of America Corp. reflect a predominantly bullish sentiment in the short term, particularly with daily moving averages showing strength. The stock's performance over the past week has been impressive, with a 9.3% increase compared to the S&P 500's 1.92%. Additionally, the stock has outperformed the S&P 500 over the past month, gaining 11.28% against the benchmark's 2.32%.

Despite a year-to-date decline of 12.44%, the company has demonstrated remarkable resilience with a three-year performance of 303.28% and a staggering five-year performance of 1127.78%. These metrics suggest that while Energy Services of America Corp. has faced challenges in the short term, the recent Golden Cross may indicate a potential turnaround, attracting attention from investors looking for growth opportunities in the construction sector.