What Makes Bancolombia (CIB) a Strong Momentum Stock: Buy Now?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the strategy of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify stocks with momentum by focusing on key metrics [2] Group 2: Bancolombia (CIB) Performance - Bancolombia currently has a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - Over the past week, CIB shares increased by 1.06%, while the Zacks Banks - Foreign industry declined by 2.54% [6] - In the last quarter, CIB shares rose by 18.56%, and over the past year, they increased by 51.66%, significantly outperforming the S&P 500's gains of 8.34% and 14.94% respectively [7] Group 3: Trading Volume and Earnings Outlook - CIB's average 20-day trading volume is 327,455 shares, which is a positive indicator of momentum when combined with price movements [8] - Recent earnings estimate revisions for CIB show a positive trend, with two estimates moving higher for the full year, raising the consensus estimate from $6.42 to $6.79 [10]