Can The Uptrend Continue for Hollysys Automation Technologies (HOLI)?
Investors certainly have to be happy with Hollysys Automation Technologies Ltd. HOLI and its short term performance. After all, the stock has jumped by 12.5% 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 HOLI?
While we can never know for sure, it is pretty encouraging that estimates for HOLI 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.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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
Hollysys Automation Technologies, Ltd. (HOLI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
