Quidel Corporation (QDEL Quick QuoteQDEL - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company — as the stock is now up 32.9% in the past one-month time frame.

The move came after the company revised its partnership with Alere Inc. for the purpose of buying the latter’s BNP assay business.

The company has seen one negative estimate revision in the past one month, while the Zacks Consensus Estimate for the current quarter has also moved lower over the said time period, 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.

Quidel currently has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.
 

A better-ranked stock in the Medical - Products industry is Orthofix International N.V. (OFIX Quick QuoteOFIX - Free Report) , which currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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

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