China Mobile Games and Entertainment Group (CMGE) Surges: Stock Moves 16.3% Higher - Tale of the Tape

By Zacks Equity Research,

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China Mobile Games and Entertainment Group Ltd. ( CMGE ) was a big mover last session, as the company saw its shares rise by over 16% 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 $15.97 to $19.69 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 #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the same industry include Constant Contact, Inc. ( CTCT ), FireEye, Inc. ( FEYE ) and Synchronoss Technologies, Inc. ( SNCR ). All these stocks carry a Zacks Rank #2 (Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: CMGE , CTCT , FEYE , SNCR

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