Ellie Mae, Inc. was a big mover last session, as the company saw its shares almost 10% on the day. The move came on solid volume 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 $97.59 to $105.30 in the past one-month time frame.

In the last 30 days, the company has seen two downward estimate revisions and the Zacks Consensus Estimate also moved lower, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent move higher can last.      

Ellie Mae currently carries a Zacks Rank #4 (Sell).

ELLIE MAE INC Price

 

ELLIE MAE INC Price | ELLIE MAE INC Quote

A better-ranked Internet Software/Services stock is NetEase, Inc. (NTES Quick QuoteNTES - Free Report) , which sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>