Compugen (CGEN) Worth Watching: Stock Moves 8.8% Higher – Tale of the Tape

Zacks

Compugen Ltd. (CGEN) was a big mover last session with its 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 above the past one month’s volatile price range of $6.44 to $7.40.

This therapeutic product discovery company has witnessed one positive estimate revision in the last 60 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.

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

Investors interested in the biomedical industry may also consider stocks like Biogen Idec Inc. (BIIB), Affymetrix Inc. (AFFX) and ANI Pharmaceuticals, Inc. (ANIP). All the three stocks sport a Zacks Rank #1 (Strong Buy).

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