What Makes Trimble Navigation (TRMB) a Strong Momentum Stock: Buy Now?

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: Trimble Navigation (TRMB) - Trimble Navigation currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, TRMB shares increased by 1.37%, outperforming the Zacks Manufacturing - General Industrial industry, which rose by 0.73% [5] - In the last month, TRMB's price change was 5.21%, significantly better than the industry's 1.82% [5] - Over the past quarter, TRMB shares have risen by 15.63%, and over the last year, they have gained 58.83%, compared to the S&P 500's increases of 10.57% and 21.94%, respectively [6] Trading Volume - TRMB's average 20-day trading volume is 2,067,114 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for TRMB have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $2.90 to $2.93 [9] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [9] Conclusion - Considering the positive momentum indicators and earnings outlook, TRMB is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]