Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, aiming to buy high and sell higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Advanced Energy Industries (AEIS) currently holding a Momentum Style Score of B [2] Group 2: Zacks Rank and Performance - AEIS has a Zacks Rank of 1 (Strong Buy), indicating a strong potential for outperformance in the market [3] - Stocks rated Zacks Rank 1 and 2 with Style Scores of "A or B" have historically outperformed the market over the following month [3] Group 3: Price Performance Metrics - AEIS shares increased by 2.41% over the past week, while the Zacks Semiconductor Equipment - Wafer Fabrication industry rose by 3.26% [5] - Over the last quarter, AEIS shares have risen by 19.26%, and by 59.67% over the past year, outperforming the S&P 500's gains of 10.17% and 18.61% respectively [6] Group 4: Trading Volume Insights - AEIS has an average 20-day trading volume of 291,007 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 5: Earnings Estimates and Revisions - In the past two months, five earnings estimates for AEIS have increased, raising the consensus estimate from $5.15 to $5.68 [9] - For the next fiscal year, five estimates have also moved upwards, with no downward revisions noted [9] Group 6: Conclusion - Considering all factors, AEIS is positioned as a 1 (Strong Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [11]
Are You Looking for a Top Momentum Pick? Why Advanced Energy Industries (AEIS) is a Great Choice