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Echelon Corporation (ELON) Surges: Stock Moves 19.1% Higher
January 29, 2014

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Echelon Corporation was a big mover last session, as the company saw its shares rise by almost 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down over 70% in the past one-month time frame.

This networking and computer devices company has seen no estimate revision over the past 30 days and its Zacks Consensus Estimate remained unchanged over the same time frame. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Echelon Corporation currently has a Zacks Rank #4 (Sell) while its Earnings ESP is 0.00%.

Some better-ranked stocks in the technology sector include NCR Corp. (NCR - Free Report) , Baidu, Inc. (BIDU - Free Report) and Iteris, Inc. (ITI - Free Report) . While NCR Corp. and Baidu hold a Zacks Rank #1 (Strong Buy), Iteris carry a Zacks Rank #2 (Buy).

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