Avago Technologies Limited (AVGO) was a big mover last session, as the company saw its shares rise nearly 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 16.54% in the past one-month time frame.
This semiconductor industry stock witnessed two positive estimate revisions in the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Avago Technologies. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Avago Technologies Limited carries a Zacks Rank #2 (Buy), while its Earnings ESP is negative.
Investors interested in the industry may also consider stocks like AXT Inc. (AXTI), NVE Corp. (NVEC) and Pericom Semiconductor Corp. (PSEM). All these stocks sport a Zacks Rank #1 (Strong Buy).
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