What Makes Avista (AVA) a Strong Momentum Stock: Buy Now?

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: Avista (AVA) - Avista currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for performance [3][4]. - The stock has shown a price increase of 0.63% over the past week, while the Zacks Utility - Electric Power industry has increased by 2.25% during the same period [6]. - Over the last quarter, Avista shares have risen by 8.68%, and by 17.91% over the past year, significantly outperforming the S&P 500, which has moved -4.21% and 9.79% respectively [7]. Price and Volume Analysis - The average 20-day trading volume for Avista is 1,113,067 shares, which serves as a bullish indicator when combined with rising stock prices [8]. - The monthly price change for Avista is 4.64%, compared to the industry's 0.94%, indicating strong relative performance [6]. Earnings Outlook - In the past two months, two earnings estimates for Avista have been revised upwards, increasing the consensus estimate from $2.52 to$2.61 for the full year [10]. - For the next fiscal year, one estimate has moved upwards with no downward revisions, suggesting a positive earnings outlook [10]. Conclusion - Given the positive momentum indicators and earnings outlook, Avista is positioned as a solid momentum pick, meriting attention from investors seeking near-term opportunities [11][12].