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MYR Group (MYRG) Jumps: Stock Rises 5.8% - Tale of the Tape

MYR Group, Inc. (NASDAQ: MYRG) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $22.76 to $24.59 in the past one-month time frame.

The company has seen two positive revisions in the past 30 days, while its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for MYR Group. So make sure to keep an eye on this stock going forward to see if yesterday's jump can turn into more strength down the road.

MYR Group currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

However, some better-ranked stocks in the computer and technology sector include Alliance Fiber Optic Products Inc. (NASDAQ: AFOP), Applied Micro Circuits Corporation (NASDAQ: AMCC) and AU Optronics Corp. (NYSE: AUO). All of these sport a Zacks Rank #1 (Strong Buy).

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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
 
ALLIANCE FIBER (NASDAQ: AFOP): Free Stock Analysis Report
 
APPLD MICRO CIR (NASDAQ: AMCC): Free Stock Analysis Report
 
ANGLOGOLD LTD (NYSE: AU): Free Stock Analysis Report
 
MYR GROUP INC (NASDAQ: MYRG): Free Stock Analysis Report
 
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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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