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Can The Uptrend Continue for SpartanNash (SPTN)?

Zacks Equity Research
Is (PSEC) Outperforming Other Finance Stocks This Year?

Investors certainly have to be happy with SpartanNash Company SPTN and its short term performance. After all, the stock has jumped by 48.8% 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 SPTN?

While we can never know for sure, it is pretty encouraging that estimates for SPTN 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.

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