Dyax Corp. (DYAX) was a big mover last session, as its shares rose over 27% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the healthcare company, as the stock is now trading above the volatile price range of $6.11 to $6.73 in the past one-month timeframe.
In the last 30 days, the company witnessed two positive estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting more 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.
Dyax currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Other better-ranked stocks in the medical sector include Gilead Sciences Inc. (GILD), ANI Pharmaceuticals, Inc. (ANIP) and Illumina Inc. (ILMN). All three sport a Zacks Rank #1 (Strong Buy).
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