Are You Looking for a Top Momentum Pick? Why Old National Bancorp (ONB) is a Great Choice

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: Old National Bancorp (ONB) - Old National Bancorp currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [3][4] - The stock has shown a price increase of 4.14% over the past week, compared to a 5.08% increase in the Zacks Banks - Midwest industry [6] - Over the past month, ONB's shares have risen by 10.92%, outperforming the industry's 9.95% [6] - In the last quarter, ONB shares increased by 24.3%, and over the past year, they are up 33.96%, while the S&P 500 has moved 16.66% and 14.76%, respectively [7] Trading Volume - ONB's average 20-day trading volume is 2,886,240 shares, which serves as a useful indicator of price movement [8] Earnings Outlook - In the past two months, one earnings estimate for ONB has increased, raising the consensus estimate from $2.11 to $2.14 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [10] Conclusion - Considering the positive momentum indicators and earnings outlook, ONB is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]