Editas Medicine (EDIT) Looks Good: Stock Moves Up 11.3%

EDIT

Editas Medicine, Inc. (EDIT - Free Report) was a big mover last session, as its shares rose over 11% on the day. The move came on solid volume too 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 $15.45 to $18.86 in the past one-month time frame.

The company has seen one positive estimate revision in the last 30 days and its Zacks Consensus Estimate has moved higher over the said time frame, suggesting solid trading ahead. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.

Editas Medicine currently carries a Zacks Rank #3 (Hold).

A better-ranked stock worth considering in the Medical - Biomedical and Genetics space is Alexion Pharmaceuticals, Inc. sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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