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Ignyta (RXDX) Jumps: Stock Adds 12.7% in Session - Tale of the Tape

Ignyta, Inc. ( RXDX ) was a big mover last session, as its shares rose nearly 13% 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 for the healthcare company, as the stock is now trading above the volatile price range of $6.40 to $7.52 in the last one-month timeframe.

In the last 30 days, the company witnessed one positive estimate revision while the Zacks Consensus Estimate moved lower, signaling trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday's move higher can last.

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

Investors interested in the Med-Drugs industry may consider better-ranked stocks like Ariad Pharmaceuticals Inc. ( ARIA ), Avanir Pharmaceuticals, Inc. ( AVNR ) and Aeolus Pharmaceuticals Inc. ( AOLS ). All the three stocks carry a Zacks Rank #2 (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 report

IGNYTA INC (RXDX): Get Free Report

ARIAD PHARMA (ARIA): Free Stock Analysis Report

AVANIR PHARM (AVNR): Free Stock Analysis Report

AEOLUS PHARMACT (AOLS): Get Free 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 Nasdaq, Inc.


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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