Abaxis, Inc. ( ABAX ) was a big mover last session, as its shares rose roughly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up almost 10% in the past one-month timeframe.
In the last 30 days, the company witnessed three positive estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. 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.
Abaxis currently has a Zacks Rank #2 (Buy) while its Earnings ESP
Other well-performing stocks in the med-products industry include Alere Inc. ( ALR
), Boston Scientific Corporation ( BSX
) and Cardiovascular Systems Inc. ( CSII
). All three carry the same Zacks Rank as Abaxis.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free reportABAXIS INC (ABAX): Free Stock Analysis ReportCARDIOVASCLR SY (CSII): Free Stock Analysis ReportALERE INC (ALR): Free Stock Analysis ReportBOSTON SCIENTIF (BSX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research