Century Aluminum (CENX) Is Up 1.52% in One Week: What You Should Know

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: Century Aluminum (CENX) - Century Aluminum currently holds a Momentum Style Score of A, indicating strong momentum potential [3] - The company has a Zacks Rank of 1 (Strong Buy), which is associated with a historical outperformance in the market [4] Price Performance - CENX shares have increased by 1.52% over the past week, outperforming the Zacks Metal Products - Procurement and Fabrication industry, which rose by 0.15% [6] - Over the past month, CENX's price has surged by 32.67%, significantly higher than the industry's 2.27% [6] - In the last quarter, CENX shares have risen by 59.09%, and over the past year, they have gained 80.31%, while the S&P 500 has only increased by 8.57% and 18.94%, respectively [7] Trading Volume - The average 20-day trading volume for CENX is 2,037,292 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - Recent earnings estimate revisions for CENX show one upward revision for the full year, increasing the consensus estimate from $1.78 to $2.30 over the past 60 days [10] - For the next fiscal year, there has been one upward revision with no downward changes, indicating positive earnings momentum [10] Conclusion - Given the strong price performance, positive earnings outlook, and high momentum score, CENX is positioned as a promising investment opportunity [12]