T2 Biosystems, Inc. (TTOO) in Focus: Stock Jumps 6% – Tale of the Tape

March 18, 2015 Technicals 0

Zacks

T2 Biosystems, Inc. (TTOO) was a big mover last session, as the company saw its shares rise 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 19.66% in the past one-month time frame.

The company has seen three negative revisions in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be 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.

T2 Biosystems currently carries a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

A better-ranked stock in the sector is ABIOMED, Inc. (ABMD), sporting a Zacks Rank #1 (Strong Buy).

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