Stitch Fix (SFIX) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Stitch Fix (SFIX) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
Shares of Stitch Fix (NASDAQ: SFIX) jumped 9.3% this week compared to where they closed last Friday, according to data from S&P Global Market Intelligence. Stitch Fix stock is now up over 110% since the run higher began, though the shares remain 66% below their 52-week highs. Stitch Fix uses proprietary data science and algorithms to match personal data entered by customers and the merchandise offered by merchants to create a personalized "Fix," a box of clothes for customers to try on.