All posts from Zacks
Zacks in Our Research. Your Success.,

Can the Uptrend Continue for Axsome Therapeutics (AXSM)?

Investors certainly have to be happy with Axsome Therapeutics Inc AXSM and its short term performance. After all, the stock has jumped by 35.6% 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 AXSM?

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

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AXSOME THERPTCS (AXSM): Free Stock Analysis Report
To read this article on click here.