Here's Why Corporacion America Airports S.A. (CAAP) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, leveraging established price movements for profitable trades [1] Company Overview: Corporacion America Airports S.A. (CAAP) - CAAP currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [1] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a strong historical performance in the market [2] Performance Metrics - Over the past week, CAAP shares increased by 6.43%, while the Zacks Transportation - Airline industry saw a decline of 0.11% [3] - In a longer timeframe, CAAP's monthly price change is 5.51%, outperforming the industry's 4.21% [3] - Over the past quarter, CAAP shares rose by 8.02%, and over the last year, they gained 57.63%, compared to the S&P 500's increases of 3.41% and 35.3%, respectively [3] Trading Volume - CAAP's average 20-day trading volume is 110,835 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Outlook - In the last two months, one earnings estimate for CAAP has increased, while none have decreased, raising the consensus estimate from $0.96 to $1.02 [5] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [5] Conclusion - Given the positive performance metrics and earnings outlook, CAAP is positioned as a strong buy candidate with a Momentum Score of B, making it a potential pick for investors seeking short-term gains [5]