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Tale of the Tape

xG Technology, Inc. (XGTI) was a big mover last session, as its shares rose nearly 25% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. The stock picked up sharply from the flattish trend of $1.64 to $2.10 in the past one-month time frame.
 
In the last 30 days, the company did not witness any estimate revision and the Zacks Consensus Estimate also remained unchanged. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future. 
 
xG Technology currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
 
Other better-ranked stocks in the computer & technology secor include Digital River Inc. (DRIV - Snapshot Report), Qihoo 360 Technology Co. Ltd. (QIHU - Snapshot Report) and Advanced Micro Devices, Inc. (AMD - Analyst Report). All these stocks sport a Zacks Rank #1 (Strong Buy).
 
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