Cardica (CRDC) Jumps: Stock Rises 8.5% - Tale of the Tape

Cardica Inc. CRDC was a big mover last session, as the company saw its shares rise over 7% 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 $0.89 to $1.01 in the past one-month time frame.

Though the company has seen no positive revision in the past 30 days, its Zacks Consensus Estimate moved higher over the same time frame, suggesting that more solid trading could be ahead for Cardica. 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.

Cardica currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Other stocks worth considering in the medical products industry include Venaxis, Inc. APPY, ICU Medical, Inc. ICUI and Eagle Pharmaceuticals Inc. EGRX. All of these have the same Zacks Ranks as Cardica.

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CARDICA INC CRDC: Free Stock Analysis Report

VENAXIS INC APPY: Get Free Report

ICU MEDICAL INC ICUI: Free Stock Analysis Report

EAGLE PHARMACT EGRX: Free Stock Analysis Report

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