China Mobile Games and Entertainment Group Limited (CMGE) was a big mover last session, as the company saw its shares rise over 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.12 to $19.02 in the past one-month time frame.
The company has seen no estimate revision over the past 30 days, while the Zacks Consensus Estimate remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
China Mobile Games and Entertainment currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the Internet software sector include DTS Inc. (DTSI), F5 Networks, Inc. (FFIV) and Support.com, Inc. (SPRT). All these stocks sport a Zacks Rank #1 (Strong Buy).
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