TeleCommunication Systems Inc.
) was a big mover last session with shares rising over 7% 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 $2.11 to $2.35.
This provider of wireless communication technology has seen no
estimate revisions in the last 60 days. However, the Zacks
Consensus Estimate has 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 yesterday's
rally can turn into more strength down the road.
TeleCommunication Systems currently holds a Zacks Rank #3 (Hold)
Investors interested in the Internet software industry may
consider better-ranked stocks like
j2 Global, Inc.
Model N, Inc.
). All three stocks sport a Zacks Rank #1 (Strong Buy).
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