Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way.
Olympic Steel (ZEUS) delivered earnings and revenue surprises of -1.59% and 10.55%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
U.S. Steel (X) delivered earnings and revenue surprises of 3.23% and 1.32%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
Valmont (VMI) delivered earnings and revenue surprises of 6.59% and 8.49%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
Algoma Steel Group Inc. (ASTL) delivered earnings and revenue surprises of -1,500% and 5.12%, respectively, for the quarter ended March 2023. Do the numbers hold clues to what lies ahead for the stock?