Pointer Telocation (PNTR) Looks Good: Stock Moves 10% Higher

LAKE

Pointer Telocation Ltd. was a big mover last session, as the company saw its shares rise over 10% on the day. The move came on solid volume with 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 $11.40 to $12.30 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 moved lower, suggesting trouble down the road. So make sure to keep an eye on this stock going forward to see if yesterday’s move higher can last.

Currently, Pointer Telocation carries a Zacks Rank #5 (Strong Sell), while its Earnings ESP is negative.

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

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

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