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Will Aridis Pharmaceuticals Continue to Surge Higher?

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Incyte (INCY) is slated to report first-quarter results on Apr 30. Investors will primarily focus on Jakafi sales and pipeline updates.
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As of late, it has definitely been a great time to be an investor in Aridis Pharmaceuticals Inc. ARDS. The stock has moved higher by 31.7% 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 ARDS’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as ARDS has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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