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Tale of the Tape

Zacks Equity Research

Can The Uptrend Continue for ArQule (ARQL)?
September 28, 2016

ARQL

Trades from $3

Investors certainly have to be happy with ArQule Inc. (ARQL - Free Report) and its short term performance. After all, the stock has jumped by 19.6% in the past 4 weeks, and it is also above its 20 Day Simple Moving Average as well. This is certainly a good trend, but investors are probably asking themselves, can this positive trend continue for ARQL?

While we can never know for sure, it is pretty encouraging that estimates for ARQL have moved higher in the past few weeks, meaning that analyst sentiment is moving in the right way. Plus, the stock actually has a Zacks Rank #2 (Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks.

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