Flushing Financial (FFIC) is a Great Momentum Stock: Should You Buy?

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: Flushing Financial (FFIC) - Flushing Financial currently holds a Momentum Style Score of B, indicating a favorable momentum outlook [3] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [4] Performance Metrics - Over the past week, FFIC shares increased by 1.52%, while the Zacks Financial - Savings and Loan industry experienced a decline of 0.15% [6] - In the last month, FFIC's price change was 5.34%, outperforming the industry's 3.35% [6] - Over the past quarter, FFIC shares rose by 26.08%, and over the last year, they increased by 18.75%, compared to the S&P 500's gains of 5.23% and 16.06%, respectively [7] Trading Volume - FFIC's average 20-day trading volume is 293,707 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the last two months, two earnings estimates for FFIC have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.16 to $1.24 [10] - For the next fiscal year, two estimates have also moved upwards without any downward revisions [10] Conclusion - Given the positive momentum indicators and earnings outlook, FFIC is positioned as a strong buy candidate for investors seeking short-term opportunities [12]