Here's Why Urban Outfitters (URBN) is a Great Momentum Stock to Buy

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: Urban Outfitters (URBN) - Urban Outfitters currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [3] Price Performance - URBN shares have increased by 0.17% over the past week, while the Zacks Retail - Apparel and Shoes industry has risen by 0.58% [5] - Over the past month, URBN's price change is 16.69%, significantly outperforming the industry's 2.88% [5] - In the last quarter, URBN shares have risen by 41.2%, and over the past year, they have gained 62.06%, compared to the S&P 500's increases of 7.87% and 14.01%, respectively [6] Trading Volume - URBN's average 20-day trading volume is 2,723,755 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, five earnings estimates for URBN have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $4.65 to $4.92 [9] - For the next fiscal year, five estimates have also moved upwards without any downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, URBN is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11]