Axis Capital (AXS) Is Up 6.65% in One Week: What You Should Know

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: Axis Capital (AXS) - Axis Capital currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating a favorable outlook for the stock [3][4] - The stock has shown strong performance, with a price increase of 6.65% over the past week, compared to a 3.66% increase in the Zacks Insurance - Property and Casualty industry [6] - Over the past quarter, AXS shares have risen 11.97%, and are up 15.91% in the last year, outperforming the S&P 500, which has moved 3.31% and 13.94% respectively [7] Trading Volume - AXS has an average 20-day trading volume of 578,266 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, three earnings estimates for AXS have been revised upwards, increasing the consensus estimate from $12.15 to $12.67 [10] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions during the same period [10] Conclusion - Given the positive momentum indicators and earnings outlook, AXS is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a potential candidate for near-term investment [12]