Rackspace (RXT) Shows Fast-paced Momentum But Is Still a Bargain Stock
RXTRackspace Technology(RXT) ZACKS·2024-11-15 22:50

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...