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Netlist (NLST) Shows Strength: Stock Moves 7.5% Higher

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Netlist, Inc. (NLST - Free Report) was a big mover last session, as its shares rose over 7% on the day. The move came after the company announced encouraging fourth-quarter 2016 results. This 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 88 cents to 99 cents in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Netlist currently carries a Zacks Rank #2 (Buy).

Another favorably placed stock in the Computer- Storage Devices space is NetApp, Inc. (NTAP - Free Report) , carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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