Advertisement
Singapore markets closed

  • Straits Times Index

    3,176.51
    -11.15 (-0.35%)
     

  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     

  • Hang Seng

    16,224.14
    -161.73 (-0.99%)
     

  • FTSE 100

    7,884.45
    +7.40 (+0.09%)
     

  • Bitcoin USD

    64,440.19
    +750.36 (+1.18%)
     

  • CMC Crypto 200

    1,373.41
    +60.78 (+4.86%)
     

  • S&P 500

    5,000.76
    -10.36 (-0.21%)
     

  • Dow

    37,945.35
    +169.97 (+0.45%)
     

  • Nasdaq

    15,477.73
    -123.77 (-0.79%)
     

  • Gold

    2,405.50
    +7.50 (+0.31%)
     

  • Crude Oil

    83.13
    +0.40 (+0.48%)
     

  • 10-Yr Bond

    4.6170
    -0.0300 (-0.65%)
     

  • FTSE Bursa Malaysia

    1,547.57
    +2.81 (+0.18%)
     

  • Jakarta Composite Index

    7,087.32
    -79.50 (-1.11%)
     

  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

Can The Uptrend Continue for ChannelAdvisor Corporation (ECOM)?

Zacks Equity Research
Updated
Best Buy (BBY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Investors certainly have to be happy with ChannelAdvisor Corporation ECOM and its short term performance. After all, the stock has jumped by 40.1% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for ECOM?

While we can never know for sure, it is pretty encouraging that estimates for ECOM have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks. You can see the complete list of today’s Zacks #1 Rank stocks here.

Investor Alert: Breakthroughs Pending

A medical advance is now at the flashpoint between theory and realization. Billions of dollars in research have poured into it. Companies are already generating substantial revenue, and even more wondrous products are in the pipeline.

ADVERTISEMENT

Cures for a variety of deadly diseases are in sight, and so are big potential profits for early investors. Zacks names 5 stocks to buy now.

Click here to see them >>


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
 
ChannelAdvisor Corporation (ECOM) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research