What Makes Sportsman's Warehouse (SPWH) 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: Sportsman's Warehouse (SPWH) - SPWH currently holds a Momentum Style Score of A, indicating strong momentum potential [3]. - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4]. Performance Metrics - SPWH shares have increased by 59.79% over the past week, significantly outperforming the Zacks Retail - Apparel and Shoes industry, which rose by only 0.58% during the same period [6]. - Over the past month, SPWH's price change is 63.81%, compared to the industry's 2.88% [6]. - In the last quarter, SPWH shares rose by 260.81%, and they are up 19.03% over the past year, while the S&P 500 increased by 7.87% and 14.01%, respectively [7]. Trading Volume - The average 20-day trading volume for SPWH is 870,128 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the last two months, two earnings estimates for SPWH have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from -$0.45 to -$0.37 [10]. - For the next fiscal year, two estimates have also moved upwards with no downward revisions [10]. Conclusion - Considering the strong performance metrics and positive earnings outlook, SPWH is identified as a solid momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12].