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GrafTech (EAF) Surges: Stock Moves 6.5% Higher
GrafTech International Ltd. (EAF - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% 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 11.3% in the past one-month time frame.
The company has seen one positive estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for GrafTech. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road.
GrafTech currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.
GrafTech International Ltd. Price
GrafTech International Ltd. price | GrafTech International Ltd. Quote
A better-ranked stock in the Metal Products - Procurement and Fabrication industry is The Timken Company (TKR - Free Report) , holding a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>