Argan (AGX) Is Up 17.85% 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: Argan (AGX) - Argan currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [3] Price Performance - Over the past week, AGX shares have increased by 17.85%, outperforming the Zacks Building Products - Miscellaneous industry, which rose by 5.32% [5] - In a longer timeframe, AGX shares have risen by 55.47% over the past quarter and 135.66% over the last year, while the S&P 500 has only increased by 6.55% and 14.51%, respectively [6] Trading Volume - The average 20-day trading volume for AGX is 345,822 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for AGX has increased, raising the consensus estimate from $7.85 to $7.95 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, AGX is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]