Alliqua, Inc. (ALQA) was a big mover last session, as the company saw its shares rise over 13% 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 $3.95 to $4.53 since Dec 3.
The company has seen no estimate revisions in the past 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.
Alliqua currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
A better-ranked medical stock is Acorda Therapeutics, Inc. (ACOR) sporting a Zacks Rank #1 (Strong Buy).
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