Company Overview - Allegion (ALLE) currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for outperformance in the market [4] Price Performance - Over the past week, Allegion's shares have increased by 8.23%, significantly outperforming the Zacks Security and Safety Services industry, which rose by only 0.19% [6] - In a longer time frame, Allegion's shares have risen by 13.56% over the past month, compared to the industry's 2.01% [6] - Over the last three months, Allegion's shares have increased by 16.17%, and over the past year, they are up 18.89%, while the S&P 500 has moved 15.97% and 18.37%, respectively [7] Trading Volume - Allegion's average 20-day trading volume is 974,880 shares, which serves as a useful baseline for assessing price movements [8] Earnings Outlook - In the past two months, three earnings estimates for Allegion have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $7.77 to $8.02 [10] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [10] Conclusion - Given the strong price performance, positive earnings outlook, and high Momentum Style Score, Allegion is recommended as a solid momentum pick for investors [12]
What Makes Allegion (ALLE) a Strong Momentum Stock: Buy Now?