Atmos Energy (ATO) Is Up 0.02% 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][2]. Company Overview: Atmos Energy (ATO) - Atmos Energy currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [3]. - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance in the market [4]. Price Performance - Over the past week, ATO shares increased by 0.02%, while the Zacks Utility - Gas Distribution industry declined by 0.53% [6]. - In a longer timeframe, ATO shares rose by 6.37% over the past quarter and 16.05% over the last year, outperforming the S&P 500's gains of 5.68% and 14.42%, respectively [7]. Trading Volume - ATO's average 20-day trading volume is 1,295,703 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Earnings Outlook - In the past two months, three earnings estimates for ATO have been revised upwards, increasing the consensus estimate from $7.88 to $8.02 [10]. - For the next fiscal year, two estimates have also moved upwards, with no downward revisions noted [10]. Conclusion - Given the positive price trends and earnings outlook, ATO is positioned as a strong momentum pick with a Momentum Score of A and a Zacks Rank of 2 (Buy) [12].