just came across SPHR and it's been on an interesting run lately. up almost 30% this quarter alone, way outpacing the market. what caught my eye though is how the volume has been backing it up - averaging 746k shares over the last 20 days, which is solid for tracking momentum.

so here's the thing about momentum - it's not just about price going up. you gotta look at the whole picture. SPHR is up 4.18% just this past week while its industry only moved 1.33%. when a stock is beating its peers like that, especially with decent volume behind it, that's usually worth paying attention to. the sphere volume formula basically shows whether buyers are actually committed or if it's just noise.

what's also interesting is the earnings revision trend. over the last 2 months, 3 estimates moved higher with none going lower. that usually means analysts are getting more bullish on the company. consensus went from -$3.67 to -$2.59 in the past 60 days, which is a decent shift.

long-term it's up 197% over the year versus the S&P at 17.83%, so definitely not a fluke. got a #2 buy rating with an A momentum score. not saying jump in blindly, but if you're hunting for momentum plays, this one seems to have the right ingredients. anyone else watching this?