Hutchinson Technology (HTCH) Falls: Stock Goes Down 6.8% – Tale of the Tape

March 14, 2014 Technicals 0

Zacks

Hutchinson Technology Inc. (HTCH) saw a big move last session, as the company’s shares fell by nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for HTCH, as the stock is now down nearly 13% in the past one-month time frame.

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.

HTCH currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.

Some better-ranked stocks in the technology sector include Datalink Corporation (DTLK), Quantum Corporation (QTM) and Super Micro Computer, Inc. (SMCI). All these stocks carry a Zacks Rank #1 (Strong Buy).

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