InterContinental Hotels (IHG) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - InterContinental Hotels (IHG) is identified as a promising momentum stock, currently holding a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4][12] Company Performance - IHG shares have increased by 0.77% over the past week, matching the performance of the Zacks Hotels and Motels industry [7] - Over the past month, IHG's stock price has risen by 6.52%, outperforming the industry's 2.2% [7] - In the last quarter, IHG shares have gained 5.47%, and over the past year, they have surged by 52.2%, compared to the S&P 500's increases of 4.8% and 26.94%, respectively [8] Trading Volume - IHG's average 20-day trading volume is 149,069 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the past two months, three earnings estimates for IHG have been revised upwards, increasing the consensus estimate from $4.23 to $4.29 [11] - For the next fiscal year, three estimates have also moved higher, with no downward revisions during the same period [11]