Rally Software Development Corp. (RALY) was a big mover last session, as the company saw its shares rise over 15% 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 above the volatile price range of $9.25 to $10.00 in the past one-month time frame.
Though company has seen no positive revisions in the past 30 days, its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Rally Software Development. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Rally Software Development currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
However, better-ranked stocks in the Internet software industry include F5 Networks, Inc. (FFIV), TeleCommunication Systems Inc. (TSYS) and Support.com, Inc. (SPRT). All of these sport a Zacks Rank #1 (Strong Buy).
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