Can The Uptrend Continue for Ardelyx (ARDX)?
Investors certainly have to be happy with Ardelyx Inc ARDX and its short term performance. After all, the stock has jumped by 21.7% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for ARDX?
While we can never know for sure, it is pretty encouraging that estimates for ARDX have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks. You can see the complete list of today’s Zacks #1 Rank stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
Click for details >>
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
Ardelyx, Inc. (ARDX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
