Avago Technologies Limited (AVGO) was a big mover last session, as the company saw its shares rise over 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues yesterday’s uptrend for the company — as the stock is now up more than 21% since Nov 7.
The company has seen 1 positive estimate revision in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
Avago Technologies currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked semiconductor stocks include AXT Inc. (AXTI), FormFactor Inc. (FORM) and Advanced Semiconductor Engineering Inc. (ASX). While AXT and FormFactor sport a Zacks Rank #1 (Strong Buy), Advanced Semiconductor has a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
To read this article on Zacks.com click here.
Get all Zacks Research Reports and be alerted to fast-breaking buy and sell opportunities every trading day.
Be the first to comment