What Makes Tanger (SKT) a Strong Momentum Stock: Buy Now?

Company Overview - Tanger (SKT) currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, SKT shares increased by 0.66%, outperforming the Zacks REIT and Equity Trust - Retail industry, which rose by 0.09% [5] - In the last month, SKT's price change was 8.44%, significantly higher than the industry's 0.89% [5] - Over the past quarter, SKT shares have risen by 17.21%, and over the last year, they have increased by 42.81%, compared to the S&P 500's gains of 3.56% and 36.11%, respectively [6] Trading Volume - SKT's average 20-day trading volume is 713,554 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Outlook - In the past two months, one earnings estimate for SKT has moved higher, while none have moved lower, resulting in an increase in the consensus estimate from $2.09 to$2.10 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [9] Conclusion - Considering the positive price trends, trading volume, and earnings estimate revisions, SKT is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [9]