Amkor Technology(AMKR) zacks.com·2024-05-22 17:01Core 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: Amkor Technology (AMKR) - Amkor Technology currently holds a Momentum Style Score of B and a Zacks Rank of 1 (Strong Buy), indicating strong potential for outperformance [2][6] - Over the past quarter, AMKR shares have increased by 7.51%, and by 41.81% over the last year, outperforming the S&P 500, which has moved 7.23% and 28.67% respectively [4] Price Performance - AMKR shares have risen by 0.15% over the past week, while the Zacks Electronics - Semiconductors industry has increased by 1.45% during the same period [3] - The monthly price change for AMKR is 11.34%, compared to the industry's 8.14% performance [3] Trading Volume - AMKR's average 20-day trading volume is 990,675 shares, which serves as a bullish indicator when combined with rising stock prices [4] Earnings Outlook - In the past two months, three earnings estimates for AMKR have been revised upwards, increasing the consensus estimate from 1.78 [5] - For the next fiscal year, two estimates have also moved upwards, with no downward revisions noted [5]