U.S. Markets open in 6 hrs 42 mins

Will Bassett Furniture Industries (BSET) Continue to Surge Higher?

Zacks Equity Research

As of late, it has definitely been a great time to be an investor in Bassett Furniture Industries Inc. BSET. The stock has moved higher by 20.2% 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 BSET’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as BSET 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 seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The Best & Worst of Zacks

Today you are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 ""Strong Buys"" free of charge. From 1988 through 2015 this list has averaged a stellar gain of +25% per year. Plus, you may download 220 Zacks Rank #5 ""Strong Sells."" Even though this list holds many stocks that seem to be solid, it has historically performed 6X worse than the market.  See these critical buys and sells free >>   


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
 
Bassett Furniture Industries, Incorporated (BSET): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research