Can the Recent Uptrend Continue for Brocade Communications Systems, Inc. (BRCD)?Brocade Communications Systems, Inc. (BRCD) has been on the move lately as the stock has risen by 21.9% in the past four weeks, and it is currentl otestoside y trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on150-320 demo and pdf investors’ minds right now is; can this trend continue?
While there can be no telling for sure, it is certainly encouraging that earnings estimates have risen in the past few weeks on the company, suggesting that sentiment on BRCD is moving in the right direction. In fact, the stock currently has a testosideZacks Rank #2 (Buy), suggesting that the recent run could certainly continue for this in-focus company.
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