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: Atmos Energy (ATO) - Atmos Energy 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 2.12% over the past week, outperforming the Zacks Utility - Gas Distribution industry, which rose by 1.06% [6]. - Over the last quarter, Atmos Energy shares have risen by 9.11%, and over the past year, they have increased by 36.42%, while the S&P 500 has seen declines of -5.82% and gains of 9.94%, respectively [7]. Trading Volume - The average 20-day trading volume for Atmos Energy is 1,224,156 shares, which serves as a baseline for price-to-volume analysis [8]. Earnings Outlook - In the past two months, three earnings estimates for Atmos Energy have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from 7.21 [10]. - For the next fiscal year, three estimates have also moved upwards without any downward revisions [10]. Conclusion - Given the positive price trends and earnings outlook, Atmos Energy is positioned as a solid momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [12].
Are You Looking for a Top Momentum Pick? Why Atmos Energy (ATO) is a Great Choice