China Cord Blood Corporation (CO) was a big mover last session, as its shares rose nearly 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the downtrend for the company since Mar 7, as the stock is now down over 3%.
In the last 30 days, the company witnessed two positive estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
China Cord currently carries a Zacks Rank #2 (Buy) while its Earnings ESP is positve.
Other better-ranked stocks in the medical sector include Alkermes plc (ALKS), Alexion Pharmaceuticals, Inc. (ALXN) and ANI Pharmaceuticals, Inc. (ANIP). All three sport a Zacks Rank #1 (Strong Buy).
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