Here's Why TriCo (TCBK) is a Great Momentum Stock to Buy

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: TriCo (TCBK) - TriCo currently holds a Momentum Style Score of A, indicating strong potential as a momentum pick [3] - The company has a Zacks Rank of 2 (Buy), which is associated with a historical outperformance in the market [4] Price Performance - Over the past week, TCBK shares increased by 1.54%, while the Zacks Banks - West industry remained flat [6] - In a longer timeframe, TCBK's shares rose by 3.46% over the past month, outperforming the industry's 1.61% [6] - Over the last quarter, TCBK shares have increased by 13%, and by 14.4% over the past year, compared to the S&P 500's 2.92% and 14.29% respectively [7] Trading Volume - TCBK's average 20-day trading volume is 102,066 shares, which serves as a baseline for price-to-volume analysis [8] Earnings Outlook - In the past two months, two earnings estimates for TCBK have been revised upwards, increasing the consensus estimate from $3.95 to $4.00 [10] - For the next fiscal year, one estimate has moved upwards with no downward revisions [10] Conclusion - Considering the strong momentum indicators and positive earnings outlook, TCBK is positioned as a 2 (Buy) stock with a Momentum Score of A, making it a compelling option for investors seeking short-term gains [12]