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Will Sangamo Therapeutics (SGMO) Continue to Surge Higher?

Zacks

As of late, it has definitely been a great time to be an investor in Sangamo Therapeutics Inc SGMO. The stock has moved higher by 90.5% 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 SGMO’s recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as SGMO 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 seethe complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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To read this article on Zacks.com click here.

Zacks Investment Research
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