SPX Technologies (SPXC) is a Great Momentum Stock: Should You Buy?

Company Overview - SPX Technologies (SPXC) currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook for investors [3] Price Performance - SPXC shares have increased by 5.4% over the past week, while the Zacks Building Products - Air Conditioner and Heating industry has declined by 1.58% during the same period [5] - Over the last quarter, SPXC shares have risen by 14.97%, and over the past year, they have gained 46.88%, significantly outperforming the S&P 500, which has moved 2.44% and 16.74% respectively [6] Trading Volume - The average 20-day trading volume for SPXC is 358,502 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Estimates - In the past two months, 5 earnings estimates for SPXC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $6.54 to $6.74 [9] - For the next fiscal year, 5 estimates have also moved upwards without any downward revisions [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, SPX Technologies is positioned as a promising investment opportunity with a Momentum Score of A and a Zacks Rank of 2 (Buy) [11]