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Digirad Corporation (DRAD) Looks Good: Stock Jumps 10%

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Digirad Corporation was a big mover last session, as the company saw its shares rise almost 10% on the day. The move came after the company reported better-than-expected fourth-quarter 2016 results. This also led to 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 $4.60 to $5.05 in the past one-month time frame.

None of the estimates for this stock were revised in the last 30 days, while the Zacks Consensus Estimate also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Digirad Corporation carries a Zacks Rank #3 (Hold).

A better-ranked stock in the same industry is Medidata Solutions, Inc. , carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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