What Makes Vestas Wind Systems AS (VWDRY) 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: Vestas Wind Systems AS (VWDRY) - VWDRY 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 shares up 16.3% over the past week, compared to a 2.04% decline in the Zacks Manufacturing - Electronics industry [5] - Over the last month, VWDRY's price increased by 18.74%, while the industry only saw a 1.4% rise [5] - In the longer term, VWDRY shares have risen 29.84% over the past three months and 59.36% over the past year, significantly outperforming the S&P 500's gains of 6.44% and 13.97%, respectively [6] Trading Volume - VWDRY's average 20-day trading volume is 256,950 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - Recent earnings estimate revisions show positive momentum, with one estimate moving higher for the full year, increasing the consensus estimate from $0.25 to $0.29 over the past 60 days [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, VWDRY is positioned as a solid momentum pick with a Momentum Score of B and a Zacks Rank of 2 (Buy) [11]