Anglo American (NGLOY) Is Up 1.26% 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: Anglo American (NGLOY) - Anglo American currently holds a Momentum Style Score of B, indicating a positive momentum outlook [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, NGLOY shares increased by 1.26%, while the Zacks Mining - Miscellaneous industry rose by 2.16% [5] - In a longer timeframe, NGLOY's monthly price change is 16.72%, compared to the industry's 20.04% [5] - Over the last quarter, NGLOY shares have risen by 32.36%, and by 18.88% over the past year, significantly outperforming the S&P 500, which increased by 6.67% and 15.74% respectively [6] Trading Volume - The average 20-day trading volume for NGLOY is 1,117,049 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for NGLOY has increased, while none have decreased, raising the consensus estimate from $0.54 to $0.55 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions [9] Conclusion - Considering the positive performance metrics and earnings outlook, NGLOY is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]