China Digital TV (STV) Catches Eye: Stock Moves 9.7% Higher – Tale of the Tape

March 20, 2014 Technicals 0

Zacks

China Digital TV Holding Co., Ltd. (STV) was a big mover last session with its shares rising nearly 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock has now lost over 6% in the past one-month time frame.

This provider of electric components for the digital television market has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate has also remained unchanged over the same period. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

China Digital TV currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same industry include Nidec Corp. (NJ), KEMET Corp. (KEM) and TE Connectivity Ltd. (TEL). While NJ sports a Zacks Rank #1 (Strong Buy), KEM and TEL bear a Zacks Rank #2 (Buy).

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