Oddity Tech (ODD) is a Great Momentum Stock: Should You 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: Oddity Tech (ODD) - Oddity Tech currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] - The stock has seen significant price increases, with shares up 59.51% over the past quarter and 62.57% over the last year, compared to the S&P 500's increases of 7.87% and 14.01% respectively [6] Price Performance - Over the past week, ODD shares increased by 3.92%, outperforming the Zacks Internet - Software industry, which rose by 2.75% [5] - The monthly price change for ODD is 18.33%, significantly higher than the industry's 0.18% performance [5] Trading Volume - ODD's average 20-day trading volume is 1,309,542 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, four earnings estimates for ODD have been revised upwards, increasing the consensus estimate from $1.96 to $2.04 [9] - For the next fiscal year, four estimates have also moved upwards with no downward revisions, indicating positive earnings momentum [9] Conclusion - Given the strong performance metrics and positive earnings outlook, ODD is positioned as a promising investment opportunity with a Momentum Score of B [11]