Hudson Technologies (HDSN) is a Great Momentum Stock: Should You Buy?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Hudson Technologies (HDSN) currently holding a Momentum Style Score of B [2] - Style Scores complement the Zacks Rank, which has a strong track record of outperforming the market; HDSN has a Zacks Rank of 2 (Buy) [3] Group 2: Performance Metrics - HDSN shares have increased by 11.96% over the past week, while the Zacks Industrial Services industry has decreased by 7.97% during the same period [5] - Over the past quarter, HDSN shares have risen by 23.91%, and by 23.44% over the last year, compared to the S&P 500's increases of 13.18% and 21.49%, respectively [6] - HDSN's average 20-day trading volume is 522,704 shares, indicating a bullish sign if the stock price rises with above-average volume [7] Group 3: Earnings Outlook - In the past two months, two earnings estimates for HDSN have increased, raising the consensus estimate from $0.37 to $0.47 [9] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [9] Group 4: Conclusion - Considering all factors, HDSN is rated as a 2 (Buy) stock with a Momentum Score of B, making it a promising near-term investment option [11]