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Can the Rally in Allied Motion Technologies (AMOT) Shares Continue?

Allied Motion Technologies Inc. AMOT has been on the move lately as the stock has risen by 11% in the past four weeks, and it is currently trading well above its 20-Day SMA. This is a pretty solid move higher, but the question that has to be on 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 AMOT is moving in the right direction. In fact, the stock currently has a Zacks Rank #1 (Strong Buy), suggesting that the recent run could certainly continue for this in-focus company. You can see the complete list of today’s Zacks #1 Rank stocks here.

 

The Hottest Tech Mega-Trend of All                

 

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.

 

See Zacks' 3 Best Stocks to Play This Trend >>               


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Allied Motion Technologies, Inc. (AMOT): Free Stock Analysis Report
 
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