Will Cray (CRAY) Continue to Surge Higher?
As of late, it has definitely been a great time to be an investor Cray Inc. CRAY . The stock has moved higher by 57.4% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.
We certainly think that this might be the case, particularly if you consider CRAY's recent earnings estimate revision activity. From this look, the company's future is quite favorable; as CRAY has earned itself a Zacks Rank #1 (Strong Buy), meaning that its recent run may continue for a bit longer, and that this isn't the top for the in-focus company.
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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.