Back to top

Image: Bigstock

PAREXEL (PRXL): Moving Average Crossover Alert

Read MoreHide Full Article

Are you a technical investor? If so, it may be time to consider PAREXEL International Corporation for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for PRXL.

This trend may have already begun, as shares of PRXL have moved by higher by 6.7% in just the past month. Plus, PRXL has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for PAREXEL has plenty of life left.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here

More bullishness may especially be the case when investors consider what has been happening for PRXL on the earnings estimate revision front lately. One estimate has gone lower in the past two months, compared to 2 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? As of early December, the 2016 Top 10 produced 5 double-digit winners including oil and natural gas giant Pioneer Natural Resources which racked up a stellar +50% gain. The new list is painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. Be among the very first to see it>>

Published in