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Can The Uptrend Continue for NCI Building Systems (NCS)?

Zacks Equity Research
Updated
Wall Street finished in the green reversing its five-day negative trend on Thursday following news that United States and China have ramped up their efforts to resolve lingering trade disputes

Investors certainly have to be happy with NCI Building Systems, Inc. NCS and its short term performance. After all, the stock has jumped by 15.9% 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 NCS?

While we can never know for sure, it is pretty encouraging that estimates for NCS 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. You can see the complete list of today’s Zacks #1 Rank stocks here.

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Zacks Investment Research