MYR (MYRG) Shows Fast-paced Momentum But Is Still a Bargain Stock

Group 1 - Momentum investing contrasts with the traditional "buy low and sell high" strategy, focusing instead on "buying high and selling higher" [1] - Identifying the right entry point for fast-moving stocks can be challenging, as they may lose momentum if future growth does not justify their high valuations [1] - A safer investment approach involves targeting bargain stocks that exhibit recent price momentum, utilizing tools like the Zacks Momentum Style Score [2] Group 2 - MYR Group (MYRG) is highlighted as a strong candidate for investment, showing a price increase of 0.1% over the past four weeks, indicating growing investor interest [3] - MYRG has gained 16.6% over the past 12 weeks, demonstrating its ability to deliver positive returns over a longer timeframe, with a beta of 1.2 indicating higher volatility compared to the market [4] - MYRG holds a Momentum Score of B, suggesting it is an opportune time to invest in the stock for potential success [5] Group 3 - An upward trend in earnings estimate revisions has contributed to MYRG achieving a Zacks Rank 1 (Strong Buy), which is associated with strong momentum effects [6] - MYRG is currently trading at a Price-to-Sales ratio of 0.97, indicating it is reasonably valued at 97 cents for each dollar of sales, providing room for growth [6] - In addition to MYRG, there are other stocks that meet the criteria of the 'Fast-Paced Momentum at a Bargain' screen, presenting further investment opportunities [7]