Strength Seen in RadNet (RDNT): Stock Gains 11.2% – Tale of the Tape

Zacks

RadNet, Inc. (RDNT) was a big mover last session with its shares surging over 11% 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 of the company as the stock has gained over 17% in the past one-month time frame.

This provider of outpatient diagnostic imaging services has seen 1 positive estimate revision in the last 60 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

RadNet currently holds a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Investors interested in the home health care industry may consider better-ranked stocks like Almost Family Inc. (AFAM), Amedisys Inc. (AMED) and HEALTHSOUTH Corp. (HLS). All the three stocks bear a Zacks Rank #1 (Strong Buy).

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