Monotype Imaging (TYPE) Catches Eye: Stock Rises 7.7%

Monotype Imaging Holdings Inc. TYPE was a big mover last session, as the company saw its shares rise roughly 8% on the day. The upside was driven by the company's announcement of its second-quarter 2015 results that were in line with expectations. This led to solid volume too with far more shares changing hands than in a normal session. Yesterday's rally breaks the recent trend of the company, as the stock is now trading above the volatile price range of $23.46 to $24.71 in the past one-month time frame.

The company has seen no estimate revisions over the past 30 days, while the Zacks Consensus Estimate remained unchanged over the same time frame. Yesterday's price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Monotype Imaging currently has a Zacks Rank #3 (Hold).

A better-ranked stock in the computer-software industry is Manhattan Associates, Inc. MANH, which sports a Zacks Rank #1 (Strong Buy).

Is TYPE going up? Or down? Predict to see what others think: Up or Down

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