China Mobile Games and Entertainment Group Ltd. ( CMGE ) was a big mover last session, as the company saw its shares rise by almost 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 volatile price range of $16.99 to $20.38 in the past one-month time frame.
This internet software company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
China Mobile Games and Entertainment Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP
Some better-ranked stocks in the same industry include Synchronoss Technologies, Inc.
), Support.com, Inc.
) and TeleCommunication Systems Inc.
). All these stocks carry a Zacks Rank #1 (Strong Buy).
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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 reportCHINA MOBIL-ADR (CMGE): Get Free ReportSYNCHRONOSS TEC (SNCR): Free Stock Analysis ReportSUPPORT.COM INC (SPRT): Free Stock Analysis ReportTELECOMMUN SYS (TSYS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research