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Strength Seen in Alere (ALR): Stock Adds 9.4% in Session

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Alere Inc. was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This continues the uptrend of the company, as the stock is now up around 17% since Mar 14.

None of the estimates for this stock were revised in the last 30 days, while the Zacks Consensus Estimate moved higher suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.

Currently, Alere carries a Zacks Rank #3 (Hold).

A better-ranked stock in the same industry is Quidel Corporation (QDEL - Free Report) , sporting a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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

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