Edwards Lifesciences (EW) Worth Watching: Stock Up 11% – Tale of the Tape

Zacks

Edwards Lifesciences Corp. (EW) was a big mover last session with its shares rising 11% 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 past one month’s volatile price range of $98.03 to $106.91.

This manufacturer of surgical heart valve therapy products has seen 8 positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if Friday’s rally can turn into more strength down the road.

Edwards Lifesciences currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Other well-placed stocks also worth considering in the medical instruments industry include AngioDynamics Inc. (ANGO), Natus Medical Inc. (BABY) and Pacific Biosciences of California, Inc. (PACB). All the three stocks sport a Zacks Rank #1 (Strong Buy).

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