What Makes Flotek Industries (FTK) a Strong Momentum Stock: Buy Now?

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify stocks with momentum by focusing on key metrics [2] Group 2: Flotek Industries (FTK) Analysis - Flotek Industries currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for outperformance [3][4] - FTK shares have increased by 11.01% over the past week, outperforming the Zacks Oil and Gas - Field Services industry, which rose by 7.8% [7] - Over the last quarter, FTK shares have surged by 110.47%, and over the past year, they have gained 120.94%, significantly outperforming the S&P 500's increases of 7.52% and 33.61% respectively [8] Group 3: Trading Volume and Earnings Outlook - FTK's average 20-day trading volume is 222,564 shares, which is a useful indicator of market interest and can signal bullish or bearish trends [9] - In terms of earnings outlook, FTK's consensus estimate has risen from $0.27 to$0.29 over the past 60 days, with one upward revision for the current fiscal year and none downward [11] - Given these factors, FTK is positioned as a promising stock for near-term gains, supported by its Momentum Score of B [12]