Flamel Technologies SA (FLML) was a big mover last session, as its shares rose nearly 10% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This breaks the trend for the company since March 21, as the stock is trading above the volatile price range of $12.00 to $14.32.
In the last 30 days, the company did not witness any estimate revision while the Zacks Consensus Estimate moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.
Flamel Technologies currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Other well-performing stocks in the medical sector include WuXi PharmaTech (Cayman) Inc. (WX), IntelliPharmaCeutics International (IPCI) and Cardiome Pharma Corp. (CRME). All three carry a Zacks Rank #2 (Buy).
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