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: Cirrus Logic (CRUS) - Cirrus Logic currently holds a Momentum Style Score of B, indicating potential for strong performance based on price changes and earnings estimate revisions [3] - The company has a Zacks Rank of 1 (Strong Buy), which historically outperforms the market when combined with a Style Score of A or B [4] Price Performance - Over the past week, CRUS shares increased by 2.89%, while the Zacks Electronics - Semiconductors industry rose by 4.96% [6] - In a longer timeframe, CRUS shares have gained 5.57% over the past quarter and 18.64% over the last year, outperforming the S&P 500's gains of 5.34% and 14.25%, respectively [7] Trading Volume - The average 20-day trading volume for CRUS is 478,999 shares, which serves as a baseline for assessing price movements [8] Earnings Outlook - In the last two months, three earnings estimates for CRUS have been revised upwards, raising the consensus estimate from $7.07 to $7.73 [10] - For the next fiscal year, three estimates have also moved higher, with no downward revisions during the same period [10] Conclusion - Given the positive momentum indicators and earnings outlook, CRUS is positioned as a strong buy candidate for investors seeking short-term opportunities [12]
Are You Looking for a Top Momentum Pick? Why Cirrus Logic (CRUS) is a Great Choice