Are You Looking for a Top Momentum Pick? Why Woodward (WWD) is a Great Choice

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] Company Overview: Woodward (WWD) - Woodward currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [4] Price Performance - Over the past week, WWD shares have increased by 5.38%, while the Zacks Aerospace - Defense Equipment industry remained flat [6] - In the last month, WWD's shares rose by 9.46%, outperforming the industry's 4.43% [6] - Over the past quarter, WWD shares have increased by 15.14%, and over the last year, they have gained 41.57%, compared to the S&P 500's 1.24% and 22.19% respectively [7] Trading Volume - WWD's average 20-day trading volume is 471,773 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the last two months, four earnings estimates for WWD have been revised upwards, while none have been lowered, increasing the consensus estimate from $5.98 to $6.07 [10] - For the next fiscal year, three estimates have moved up, with one downward revision noted [10] Conclusion - Given the strong momentum indicators and positive earnings outlook, WWD is recommended as a stock to consider for near-term investment opportunities [12]