ThredUp (TDUP) Is Up 0.92% 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 higher, with the expectation that established trends will continue [1][2]. Company Overview: ThredUp (TDUP) - ThredUp currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [3][4]. - The stock has shown significant price performance, with a 59.46% increase over the past month, compared to a flat performance in the Zacks Consumer Products - Staples industry [6]. - Over the last three months, ThredUp shares have risen by 151.84%, and by 22.92% over the past year, outperforming the S&P 500, which increased by 5.07% and 22.47% respectively [7]. Trading Volume - ThredUp's average 20-day trading volume is 1,505,121 shares, which is a useful indicator of market interest and can signal bullish or bearish trends [8]. Earnings Outlook - Recent earnings estimate revisions for ThredUp have been positive, with one estimate moving higher in the last two months, raising the consensus estimate from -$0.61 to -$0.56 [10]. - For the next fiscal year, there has been one upward revision with no downward revisions, indicating a stable earnings outlook [10]. Conclusion - Given the positive momentum indicators and earnings outlook, ThredUp is positioned as a strong candidate for investors seeking short-term gains [12].