Rockwell Medical (RMTI) Jumps: Stock Moves 8.7% Higher – Tale of the Tape

January 8, 2015 Technicals 0

Zacks

Rockwell Medical, Inc. (RMTI) was a big mover last session with its shares rising nearly 9% on the day. The upside was owing to a coverage initiated on the company by Oppenheimer, with an Outperform rating. This development led to far more shares changing hands yesterday than in a normal session. The day’s move breaks the recent trend of the company as the stock is now trading above the past one month’s volatile price range of $8.16 to $10.28.

This integrated biopharmaceutical company provider has seen no estimate revision in the last 30 days. The Zacks Consensus Estimate hasn’t been in trend either. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Rockwell Medical currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Another stock worth considering in the medical products industry is ICU Medical, Inc. (ICUI) sporting a Zacks Rank #1 (Strong Buy).

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