Sigma Designs (SIGM) in Focus: Stock Moves 6.1% Higher – Tale of the Tape

December 31, 2014 Technicals 0

Zacks

Sigma Designs, Inc. (SIGM) was a big mover last session, as the company saw its shares rise by over 6% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend for the company/this reverses the recent trend for the company as the stock is now up 48.38% in the past one-month time frame.

None of the estimates for this stock were revised over the past seven days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Sigma Designs currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

A better-ranked stock in the broad computer & technology sector is XO Group Inc. (XOXO), carrying a Zacks Rank #1 (Strong Buy).

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