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What Makes Q2 Holdings (QTWO) a Strong Momentum Stock: Buy Now?
Q2 Q2 (US:QTWO) ZACKSยท2024-11-14 18:06

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify effective metrics for momentum, addressing the challenges in defining momentum [2] Group 2: Q2 Holdings (QTWO) Performance - Q2 Holdings currently has a Momentum Style Score of A and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - Over the past week, QTWO shares increased by 20.74%, significantly outperforming the Zacks Business - Software Services industry, which rose by 5.74% [6] - In the last quarter, QTWO shares rose by 41.22%, and over the past year, they gained 189.03%, while the S&P 500 only increased by 10.53% and 37.42%, respectively [7] Group 3: Trading Volume and Earnings Outlook - QTWO's average 20-day trading volume is 722,746 shares, which serves as a bullish indicator when combined with rising stock prices [8] - In the past two months, four earnings estimates for QTWO have been revised upwards, increasing the consensus estimate from $1.54 to $1.63 [10]