Investors certainly have to be happy with Mercury Systems, Inc. (MRCY) and its short term performance. After all, the stock has jumped by 17.2% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for MRCY?
While we can never know for sure, it is pretty encouraging that estimates for MRCY have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. On Dec 27, the company reported strong second quarter earnings report. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.
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