Deluxe (DLX) 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: Deluxe (DLX) - Deluxe currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][3] - The stock has shown significant price increases, with an 8.96% rise over the past week, compared to a 0.22% increase in the Zacks Business - Office Products industry [5] - Over the past month, Deluxe shares have increased by 27.05%, outperforming the industry's 8.56% [5] - In the last quarter, shares of Deluxe have risen by 35.94%, and by 24.8% over the past year, while the S&P 500 has only increased by 1.9% and 15.32% respectively [6] Trading Volume - The average 20-day trading volume for Deluxe is 578,329 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for Deluxe has increased, raising the consensus estimate from $3.71 to $3.88 [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Conclusion - Given the strong performance metrics and positive earnings outlook, Deluxe is positioned as a promising investment opportunity with a Momentum Score of B and a Zacks Rank of 1 (Strong Buy) [11]