Essa Bancorp (ESSA) Moves 5.4% Higher: Will This Strength Last?

Essa Bancorp (ESSA) shares rallied 5.4% in the last trading session to close at $19.50. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.5% gain over the past four weeks. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements ...