Seagate (STX) Is Up 5.14% 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: Seagate (STX) - Seagate 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, Seagate's shares increased by 5.14%, significantly outperforming the Zacks Computer - Integrated Systems industry, which rose by only 0.27% [5] - In a longer timeframe, Seagate's shares have risen by 44.2% over the past quarter and 117.74% over the last year, while the S&P 500 only increased by 6.22% and 17.55%, respectively [6] Trading Volume - Seagate's average 20-day trading volume is 4,745,104 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, two earnings estimates for Seagate have been revised upwards, raising the consensus estimate from $10.30 to $10.51 [9] - For the next fiscal year, there have also been two upward revisions with no downward changes, indicating a positive earnings outlook [9] Conclusion - Given the strong performance metrics and positive earnings revisions, Seagate is positioned as a promising momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [10]