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Will Spectrum Pharmaceuticals Continue to Surge Higher?

Zacks Equity Research

As of late, it has definitely been a great time to be an investor in Spectrum Pharmaceuticals SPPI. The stock has moved higher by 9.7% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider SPPI’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as SPPI has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.

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Spectrum Pharmaceuticals, Inc. (SPPI) : Free Stock Analysis Report
 
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Zacks Investment Research