Here's Why Masimo (MASI) is a Great Momentum Stock to Buy

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 define momentum characteristics, with Masimo (MASI) currently holding a Momentum Style Score of A [2] Group 2: Masimo's Performance Metrics - Masimo has a Zacks Rank of 2 (Buy), indicating strong potential for outperformance, especially for stocks rated 1 (Strong Buy) and 2 (Buy) with Style Scores of A or B [3] - Over the past week, MASI shares increased by 3.53%, outperforming the Zacks Medical - Instruments industry, which rose by 1.15% [5] - In the last quarter, MASI shares rose by 24.83%, and over the past year, they gained 40.86%, while the S&P 500 increased by only 3.62% and 26.55%, respectively [6] Group 3: Trading Volume and Earnings Outlook - The average 20-day trading volume for MASI is 391,651 shares, which serves as a bullish indicator when combined with rising stock prices [7] - In the past two months, two earnings estimates for MASI have increased, raising the consensus estimate from $4.00 to$4.04, with no downward revisions noted [9] Group 4: Conclusion - Given the strong performance metrics and positive earnings outlook, MASI is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a compelling investment option [11]