In order to see if IPHI is a promising momentum pick, let's examine some Momentum Style elements to see if this chip designer holds up.Ī good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. You can see the current list of Zacks #1 Rank Stocks here > Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
Inphi currently has a Zacks Rank of #2 (Buy). It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance.
#IPHI STOCK PRICE DRIVERS#
We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.īelow, we take a look at Inphi, which currently has a Momentum Style Score of A. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Įven though momentum is a popular stock characteristic, it can be tough to define. 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. Momentum investing revolves around the idea of following a stock's recent trend in either direction.
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