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Sasol (SSL) is a Great Momentum Stock: Should You Buy?
ZACKS· 2026-03-27 17:01
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: Sasol (SSL) - Sasol currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, Sasol's shares increased by 8.31%, outperforming the Zacks Oil and Gas - Integrated - International industry, which rose by 2.38% [5] - In a longer timeframe, Sasol's shares have surged by 57.34% over the past month, compared to the industry's 13.18% [5] - Over the last quarter, Sasol's shares have risen by 96.01%, and by 211.22% over the past year, while the S&P 500 has seen movements of -6.27% and 14.81%, respectively [6] Trading Volume - Sasol's average 20-day trading volume is 3,284,094 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 Sasol has increased, raising the consensus estimate from $1.49 to $1.63 for the full year [9] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions during the same period [9] Conclusion - Given the positive momentum indicators and earnings outlook, Sasol is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [10]