Tactile Systems Technology (TCMD) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, with the aim of buying high and selling higher, capitalizing on established price movements [1] Company Overview: Tactile Systems Technology (TCMD) - TCMD currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Performance Metrics - TCMD shares have increased by 8.44% over the past week, while the Zacks Medical - Instruments industry remained flat during the same period [5] - Over the past quarter, TCMD shares have surged by 93.22%, and they have gained 36.98% over the last year, significantly outperforming the S&P 500, which rose by 5.43% and 14.79% respectively [6] - The average 20-day trading volume for TCMD is 753,286 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the last two months, three earnings estimates for TCMD have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $0.62 to $0.80 [9] - For the next fiscal year, three estimates have also moved higher, reflecting positive sentiment regarding the company's earnings potential [9] Conclusion - Given the strong performance metrics and positive earnings outlook, TCMD is identified as a promising investment opportunity with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11]