What Makes Synovus Financial (SNV) a Strong Momentum Stock: Buy Now?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: Synovus Financial (SNV) - Synovus Financial currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [3][7] - The company has a Zacks Rank of 2 (Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Performance Metrics - SNV's average 20-day trading volume is 1,415,458 shares, which serves as a bullish indicator when the stock is rising on above-average volume [6] - Over the past week, SNV shares increased by 7.69%, outperforming the Zacks Banks - Southeast industry, which rose by 6.52% [9] - In the last month, SNV's price change was 17.79%, compared to the industry's 11.31% [9] - Over the past quarter, SNV shares rose by 23.01%, and over the last year, they increased by 33.65%, while the S&P 500 rose by 11.69% and 26.6%, respectively [10] Earnings Estimates - In the past two months, four earnings estimates for SNV have been revised upwards, increasing the consensus estimate from $3.82 to $3.87 [11] - For the next fiscal year, three estimates have moved up while one has been revised down [11] - Trends in estimate revisions are a key component of the Zacks Momentum Style Score, indicating positive momentum for SNV [12]