Reasons Why Norsk Hydro ASA (NHYDY) is an Excellent Option for Value Investors
Momentum Investing Strategy: Momentum investors focus on "buying high and selling higher," avoiding traditional strategies like buying low and waiting for recovery, which can be risky.
Norsk Hydro ASA (NHYDY): NHYDY has shown strong price momentum, with a 3.8% increase over the past month and a 15% gain over the last 12 weeks, making it a strong candidate for momentum investing.
Valuation and Earnings Estimates: NHYDY is trading at a reasonable Price-to-Sales ratio of 0.66, indicating it is attractively priced, and has a favorable Momentum Score of A, supported by positive earnings estimate revisions.
Investment Tools: Zacks offers various investment screens, including the 'Fast-Paced Momentum at a Bargain' screen, and tools like the Zacks Research Wizard to help investors identify profitable stock-picking strategies.
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