Here's Why Bancolombia (CIB) is a Great Momentum Stock to Buy

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and hoping to sell even higher [1] - The Zacks Momentum Style Score helps investors identify stocks with strong momentum by focusing on price changes and earnings estimate revisions [2][3] Group 2: Bancolombia (CIB) Performance - Bancolombia currently holds a Momentum Style Score of A and a Zacks Rank of 1 (Strong Buy) [4][12] - Over the past week, CIB shares increased by 0.05%, while the Zacks Banks - Foreign industry declined by 2.3% [6] - In the last quarter, CIB shares rose by 13.24%, and over the past year, they increased by 49.03%, outperforming the S&P 500's gains of 13.18% and 21.49% respectively [7] Group 3: Trading Volume and Earnings Outlook - CIB's average 20-day trading volume is 308,461 shares, indicating a bullish sign if the stock price rises with above-average volume [8] - In the past two months, two earnings estimates for CIB moved higher, increasing the consensus estimate from $6.30 to $6.60 [10]