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Can The Uptrend Continue for Johnson Outdoors Inc. (JOUT)?
Investors certainly have to be happy with Johnson Outdoors Inc. (JOUT - Free Report) and its short term performance. After all, the stock has jumped by 18% 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 JOUT?
While we can never know for sure, it is pretty encouraging that estimates for JOUT 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 #1 (Strong Buy), so the recent move higher for this spotlighted company may definitely continue over the next few weeks. You can see the complete list of today’s Zacks #1 Rank stocks here.
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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