Academy Sports Shares Are Under Heavy Demand

Academy Sports Attracts Big Money

So, what’s Big Money? Said simply, that’s when a stock pushes higher alongside chunky volumes. It’s indicative of institutions betting on the shares.

Smart money managers are always looking for the next up-trending stock. And ASO has many fundamental qualities that are attractive.

But how the shares have been trading points to strong investor appetite. As I’ll show you, the Big Money has been consistent in the shares.

Each green bar signals big trading volumes as the stock ramped in price:

Over the past year, the shares attracted 11 unusual inflow signals. Demand for the stock has been high. Those repeated green bars could mean more upside is ahead.

Now, let’s check out the fundamental action grabbing my attention:

Academy Sports and Outdoors Fundamental Analysis

Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is supportive too. As you can see, ASO grew sales double digits on a 3-year basis. The firm grew EPS at a healthy clip too. Take a look:

• 3-year sales growth rate (+10.4%)
• 3-year EPS growth rate (+92.5%)

Source: FactSet

Marrying strong fundamentals with technically superior stocks is a winning recipe over the long-term.

In fact, ASO has been a top-rated stock multiple times at my research firm, MAPsignals. That means the stock has buy pressure and healthy fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

Follow the Big Money.

Academy Sports Price Prediction

The Academy Sports rally could have further to go. Healthy buying in the shares is signaling to take notice. Shares could be positioned for further upside.

Disclosure: the author holds no position in ASO at the time of publication.

Learn more about the MAPsignals process here.

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