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ZELTIQ (ZLTQ) Worth Watching: Stock Soars 19.9%

Zacks Equity Research

ZELTIQ Aesthetics, Inc. (NASD:ZLTQ) was a big mover last session with its shares rising nearly 20% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company, as the stock is now up nearly 39% in the past one-month time frame.

This medical technology company has seen three positive estimate revisions in the last 30 days. The Zacks Consensus Estimate has also moved higher over the same period. This implies more solid trading ahead for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s sharp climb can turn into more strength down the road.

ZELTIQ Aesthetics currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Some other stocks worth considering in the medical products industry are Covidien plc (NYSE:COV), CareFusion Corp. (NYSE:CFN) and Advaxis, Inc. (NASD:ADXS). All these stocks carry the same Zacks Rank as ZELTIQ Aesthetics.

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