What Makes Enerflex (EFXT) 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: Enerflex (EFXT) - Enerflex currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [2][3] - The stock has shown significant price increases, with a 35.51% rise over the past quarter and an 84.71% increase over the last year, outperforming the S&P 500's gains of 8.48% and 16.96% respectively [6] Price Performance - Over the past week, EFXT shares increased by 2.42%, while the Zacks Oil and Gas - Exploration and Production - Canadian industry rose by 3.51% [5] - The monthly price change for EFXT is 8.92%, compared to the industry's 6.08% performance [5] Trading Volume - EFXT has an average 20-day trading volume of 352,380 shares, which is a useful indicator for assessing price movements [7] Earnings Outlook - In the last two months, earnings estimates for EFXT have seen 2 upward revisions and 1 downward revision, raising the consensus estimate from $0.71 to $0.98 [9] - For the next fiscal year, there have been 3 upward revisions with no downward changes [9] Conclusion - Considering the positive momentum indicators and earnings outlook, EFXT is positioned as a strong buy candidate for investors seeking short-term gains [11]