Cathay General (CATY) Is Up 5.62% in One Week: What You Should Know

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 Summary: Cathay General (CATY) - Cathay General currently holds a Momentum Style Score of B, indicating potential as a solid momentum pick [2][3] - The company has a Zacks Rank of 2 (Buy), which historically outperforms the market when combined with a Style Score of A or B [3] Price Performance - Over the past week, CATY shares increased by 5.62%, outperforming the Zacks Banks - West industry, which rose by 5.2% [5] - In the last month, CATY's price change was 10.23%, compared to the industry's 11.14% [5] - Over the past quarter, CATY shares rose by 27.58%, and over the last year, they increased by 31.14%, while the S&P 500 only moved 16.66% and 14.76% respectively [6] Trading Volume - The average 20-day trading volume for CATY is 467,017 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for CATY increased, while none decreased, raising the consensus estimate from $4.46 to $4.47 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [9] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, CATY is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]