Magic Software Enterprises Ltd. (MGIC Quick QuoteMGIC - 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 breaks the recent trend of the company, as the stock is now trading above the volatile price range of $14.85 to $15.73 in the past one-month time frame.

The company has seen two 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 Magic Software. 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.

Magic Software currently has a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.

Magic Software Enterprises Ltd. Price

Magic Software Enterprises Ltd. Quote

Another stock in the Computer and Technology sector is Avid Technology, Inc. , which currently carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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