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Pegasystem (PEGA) Looks Good: Stock Adds 7.3% in Session
November 18, 2013

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Pegasystems Inc. ((PEGA - Free Report) ) was a big mover last session, as the company saw its shares rise by over 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 of the company as the stock has now gained over 26% since Nov 11.

This business software and services company has seen a mixed track record when it comes to estimate revisions of 1 increase and 1 decrease over the last 30 days, while its Zacks Consensus Estimate moved lower over the same time frame, indicating trouble down the road. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Pegasystems currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

Some better performing technology stocks include ACI Worldwide, Inc. ((ACIW - Free Report) ), Advanced Energy Industries, Inc. ((AEIS - Free Report) ) and Blucora, Inc. ((BCOR - Free Report) ). All these stocks carry a Zacks Rank #1 (Strong Buy).

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