Technology

Accenture (ACN) Looks Good: Stock Adds 5.2% in Session

Accenture plc ACN was a big mover last session, as the company saw its shares rise more than 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 $161.69 to $168.24 in the past one-month time frame.

The move came after the company reported solid fiscal second-quarter 2019 (ended Feb 28, 2019) results.

The company has seen a mixed track record when it comes to estimate revision of no increase and one decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter has remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Accenture currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.

Accenture PLC Price

Accenture PLC Price | Accenture PLC Quote

Investors interested in the Consulting Services industry may consider Charles River Associates CRAI, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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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.

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