MYR Group (MYRG) Jumps: Stock Rises 5.8%

Zacks

MYR Group, Inc. (MYRG) was a big mover last session, as the company saw its shares rise over 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 $22.76 to $24.59 in the past one-month time frame.

The company has seen two positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for MYR Group. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

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

However, some better-ranked stocks in the computer and technology sector include Alliance Fiber Optic Products Inc. (AFOP), Applied Micro Circuits Corporation (AMCC) and AU Optronics Corp. (AUO). All of these sport a Zacks Rank #1 (Strong Buy).

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MYR GROUP INC (MYRG): Free Stock Analysis Report

ALLIANCE FIBER OPTIC PRODUCTS IN (AFOP): Free Stock Analysis Report

APPLIED MICRO CIRCUITS CORP (AMCC): Free Stock Analysis Report

ANGLOGOLD ASHANTI LTD (AU): Free Stock Analysis Report


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