Rio Tinto (RIO) Is Up 3.52% 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]. Group 1: Company Overview - Rio Tinto (RIO) currently holds a Momentum Style Score of A, indicating strong momentum potential [3]. - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [4]. Group 2: Performance Metrics - Over the past week, RIO shares increased by 3.52%, while the Zacks Mining - Miscellaneous industry remained flat [6]. - In the last month, RIO's price change was 11.9%, slightly below the industry's 13.77% performance [6]. - RIO shares have risen by 20.86% over the past quarter and 33.56% over the last year, significantly outperforming the S&P 500, which increased by 2.85% and 17.84% respectively [7]. Group 3: Trading Volume - RIO's average 20-day trading volume is 3,006,637 shares, which serves as a bullish indicator when combined with rising stock prices [8]. Group 4: Earnings Outlook - In the past two months, two earnings estimates for RIO have been revised upwards, increasing the consensus estimate from $6.11 to $6.41 [10]. - For the next fiscal year, two estimates have also moved higher, with no downward revisions noted [10]. Group 5: Conclusion - Given the strong performance metrics and positive earnings outlook, RIO is positioned as a solid momentum pick and is recommended for consideration in the near term [11].