Advertisement
Australia markets closed

  • ALL ORDS

    8,027.30
    +33.10 (+0.41%)
     

  • ASX 200

    7,754.20
    +32.60 (+0.42%)
     

  • AUD/USD

    0.6613
    -0.0009 (-0.13%)
     

  • OIL

    79.91
    +0.65 (+0.82%)
     

  • GOLD

    2,367.30
    +27.00 (+1.15%)
     

  • Bitcoin AUD

    95,097.09
    +1,845.06 (+1.98%)
     

  • CMC Crypto 200

    1,351.04
    -6.97 (-0.51%)
     

  • AUD/EUR

    0.6133
    -0.0005 (-0.09%)
     

  • AUD/NZD

    1.0967
    -0.0002 (-0.02%)
     

  • NZX 50

    11,755.17
    +8.59 (+0.07%)
     

  • NASDAQ

    18,113.46
    +28.46 (+0.16%)
     

  • FTSE

    8,381.35
    +27.30 (+0.33%)
     

  • Dow Jones

    39,387.76
    +331.36 (+0.85%)
     

  • DAX

    18,686.60
    +188.20 (+1.02%)
     

  • Hang Seng

    18,902.34
    +364.53 (+1.97%)
     

  • NIKKEI 225

    38,229.11
    +155.13 (+0.41%)
     

Will Zai Lab Continue to Surge Higher?

Zacks Equity Research
·1-min read

As of late, it has definitely been a great time to be an investor in Zai Lab Limited ZLAB. The stock has moved higher by 4% 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 ZLAB’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as ZLAB 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.

Zacks Top 10 Stocks for 2020

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2020?

ADVERTISEMENT

Last year's 2019 Zacks Top 10 Stocks portfolio returned gains as high as +102.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.

Access Zacks Top 10 Stocks for 2020 today >>


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
 
Zai Lab Limited Unsponsored ADR (ZLAB) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research