Ensign Group (ENSG) is a Great Momentum Stock: Should You Buy?

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] Group 1: Company Overview - Ensign Group (ENSG) currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy) [2][3] - The company provides nursing and rehabilitative care services, making it a relevant player in the healthcare sector [3] Group 2: Price Performance - Over the past week, ENSG shares increased by 3.99%, outperforming the Zacks Medical - Nursing Homes industry, which rose by 2.68% [5] - In the last three months, ENSG shares have risen by 8.92%, and over the past year, they are up 28.07%, compared to the S&P 500's increases of 5.68% and 14.42%, respectively [6] Group 3: Trading Volume - The average 20-day trading volume for ENSG is 505,209 shares, which serves as a bullish indicator when combined with rising stock prices [7] Group 4: Earnings Outlook - In the past two months, three earnings estimates for ENSG have been revised upwards, increasing the consensus estimate from $6.39 to $6.50 [9] - For the next fiscal year, three estimates have also moved higher, with no downward revisions during the same period [9] Group 5: Investment Recommendation - Given the positive price trends and earnings outlook, ENSG is positioned as a promising investment opportunity with a Momentum Score of B [11]