Oncolytics Biotech (ONCY) Jumps: Stock Rises 5% - Tale of the Tape

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Oncolytics Biotech Inc. ( ONCY ) was a big mover last session, as the company saw its shares rise over 5% 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 $1.64 to $1.76 since March 6.

The company has seen two positive revisions in the past 30 days while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Oncolytics Biotech. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

Oncolytics Biotech currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, some better-ranked medical stocks include Alkermes plc ( ALKS ), Alexion Pharmaceuticals, Inc. ( ALXN ) and ANI Pharmaceuticals, Inc. ( ANIP ). All of these sport a Zacks Rank #1 (Strong Buy).

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ALKERMES INC (ALKS): Free Stock Analysis Report

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ONCOLYTICS BIO (ONCY): Free Stock Analysis Report

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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 The NASDAQ OMX Group, Inc.



This article appears in: Investing , Investing Ideas , Stocks

Referenced Stocks: ALKS , ALXN , ANIP , ONCY

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