Flamel Technologies SA (FLML) was a big mover last session, as its shares rose nearly 7% on the day. The rise came on solid volume too with far more shares changing hands than in a normal session. This reverses the trend for the company since April 9, as the stock is down almost 27%.
In the last 30 days, the company did not witness any 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.
Flamel Technologies currently has a Zacks Rank #3 (Hold) while its Earnings ESP is positive.
Other better-ranked stocks in the medical sector include WuXi PharmaTech (Cayman) Inc. (WX), IntelliPharmaCeutics International (IPCI) and Cardiome Pharma Corp. (CRME). All three carry a Zacks Rank #2 (Buy).
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