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ChannelAdvisor (ECOM) in Focus: Stock Moves 5.7% Higher
ChannelAdvisor Corporation was a big mover last session, as the company saw its shares rise almost 6% 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 $11.58–$12.71 in the past one-month time frame.
In the last 30 days, the company has seen three upward estimate revision and the Zacks Consensus Estimate also moved higher, suggesting that more solid trading could be ahead for ChannelAdvisor. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
ChannelAdvisor currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
Another favorably placed Internet Software/Services stock is 58.com Inc. , which sports a Zacks Rank #1 (Strong Buy).
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