Nordson Corporation (NDSN) was a big mover last session, as its shares rose over 9% 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 company, as the stock is now trading above the volatile price range of $74.04 to $75.77 in the past one-month timeframe.
In the last 30 days, the company witnessed two positive estimate revisions and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.
Nordson Corp. currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Other better-ranked stocks in the machinery industry include IDEX Corporation (IEX), Atlas Copco AB (ATLKY) and Blount International Inc. (BLT). All three carry the same Zacks Rank as Nordson Corp.
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NORDSON CP (NDSN): Free Stock Analysis Report
IDEX CORP (IEX): Free Stock Analysis Report
ATLAS COPCO AB SER A (ATLKY): Free Stock Analysis Report
BLOUNT INTL INC NEW (BLT): Free Stock Analysis Report
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