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SYNNEX's Shares March Higher, Can It Continue?

As of late, it has definitely been a great time to be an investor in SYNNEX Corporation SNX. The stock has moved higher by 7.6% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider SNX’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as SNX has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

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The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

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