United Airlines (UAL) Is Up 3.56% in One Week: What You Should Know

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: United Airlines (UAL) - United Airlines currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Performance Metrics - UAL shares have increased by 3.56% over the past week, outperforming the Zacks Transportation - Airline industry, which rose by 1.04% [7] - Over the last quarter, UAL shares have surged by 82.49%, and over the past year, they have risen by 120.17%, compared to the S&P 500's increases of 8.43% and 31.8%, respectively [8] Trading Volume - The average 20-day trading volume for UAL is 4,659,203 shares, which serves as a bullish indicator when combined with rising stock prices [9] Earnings Outlook - In the past two months, 8 earnings estimates for UAL have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $9.88 to $10.27 [11] - For the next fiscal year, 6 estimates have also moved upwards, indicating positive sentiment [11] Conclusion - Given the strong performance metrics and positive earnings outlook, UAL is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling near-term investment option [12]