AstraZeneca (AZN) Jumps: Stock Adds 8.8% in Session – Tale of the Tape

April 22, 2014 Technicals 0

Zacks

AstraZeneca PLC (AZN) was a big mover last session with shares rising nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading way above the past one month’s volatile price range of $62.45 to $65.69.

This drug manufacturing company has seen a mixed track record when it comes to estimate revisions of 1 increase and 1 decrease over the last 30 days. Meanwhile, the Zacks Consensus Estimate has remained unchanged over the same period. Yesterday’s rally is encouraging though, so make sure to keep a close watch on this firm in the near future.

AstraZeneca currently bears a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Better-ranked Pharmaceutical stocks worth considering include AbbVie Inc. (ABBV), Allergan Inc. (AGN) and Johnson & Johnson (JNJ). All three stocks hold a Zacks Rank #2 (Buy).

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