What Makes LATAM (LTM) a Strong Momentum Stock: Buy Now?

Core Viewpoint - LATAM (LTM) is identified as a promising momentum stock, currently holding a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy) [3][4][12] Price Performance - Over the past week, LTM shares have increased by 4.21%, outperforming the Zacks Transportation - Airline industry, which rose by 1.79% [6] - In a longer time frame, LTM's monthly price change is 5.51%, compared to the industry's 5.15% [6] - Over the past quarter, LTM shares have risen by 27.59%, and over the last year, they have increased by 113.27%, while the S&P 500 has only moved 3.7% and 19.07% respectively [7] Trading Volume - LTM's average 20-day trading volume is 605,016 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, two earnings estimates for LTM have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $4.73 to $4.93 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions [10] Conclusion - Given the positive price performance, trading volume, and earnings outlook, LTM is positioned as a strong buy and a solid momentum pick for investors [12]