Are You Looking for a Top Momentum Pick? Why Argan (AGX) is a Great Choice

Core Insights - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher as stocks tend to continue in their established direction [1][2] - Argan (AGX) currently holds a Momentum Style Score of A and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] Performance Metrics - Over the past week, AGX shares increased by 10.85%, outperforming the Zacks Building Products - Miscellaneous industry, which rose by 2.04% [5] - In the last quarter, AGX shares rose by 17.99%, and over the past year, they have surged by 124.51%, while the S&P 500 only increased by 7.07% and 16.3% respectively [6] Trading Volume - The average 20-day trading volume for AGX is 338,666 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, one earnings estimate for AGX has increased, raising the consensus estimate from $6.95 to $7.75 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, AGX is positioned as a promising investment opportunity with a Momentum Score of A [10][11]