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Is Xyratex Ltd. (XRTX) Ready to Breakout?

Zacks Equity Research

Xyratex Ltd. (XRTX) may be a solid choice for technical investors, as the firm saw some good news with its moving average crossover. XRTX just saw its 50 Day Moving Average break out above its 200 Day Simple Moving Average, meaning that there could be some short-term bullishness for the stock.
You could definitely argue that this has already started to take place, as shares of XRTX have jumped by 28.9% in the trailing 4 weeks. If that wasn’t enough, the company currently possesses a Zacks Rank #2 (Buy), so it could have more room to run in the weeks ahead too.

XYRATEX LTD (XRTX): Free Stock Analysis Report

Zacks Investment Research