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Thoratec Corporation (THOR) Moving Average Crossover Spotted

Zacks Equity Research

Thoratec Corporation (THOR) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for THOR broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by 8.38% in the past four weeks. Plus, the company currently has a Zacks Rank #1 (Strong Buy) suggesting that now could definitely be the time for this breakout candidate.

THORATEC CP (THOR): Free Stock Analysis ReportZacks Investment Research