Tapping Into the Trend
When it comes to the stock market, riding a trend can be a lucrative move. However, the key lies in entering the trend at the right time to ensure maximum success. It’s crucial to assess the sustainability of the trend before diving in. Many investors have faced the brutal reversal of a stock’s price movement shortly after buying in, leading to short-term losses. Therefore, it’s essential to consider factors like solid fundamentals and positive earnings estimates to keep the upward momentum going.
Finding Strength in Recent Prices
The “Recent Price Strength” screen offers a strategic approach to identifying stocks with strong fundamentals to maintain their current upward trajectory. This screen filters out stocks trading near their 52-week high-low range, a bullish signal for investors. Among the notable candidates that meet these criteria is Cimpress (CMPR).
Rooted in Price Performance
CMPR has shown a remarkable 22.8% surge over the past 12 weeks, indicating sustained investor interest in its potential growth. Furthermore, a 11.4% increase in price over the last four weeks solidifies its position in the upward trend, signaling a promising outlook for this marketing materials manufacturer.
Strength in Fundamentals
Delving into the fundamentals, CMPR boasts a Zacks Rank #1 (Strong Buy), placing it in the top 5% of stocks based on earnings estimate revisions and EPS surprises. The Zacks Rank system, with a proven track record dating back to 1988, reveals that Zacks Rank #1 stocks have historically delivered an impressive annual return of +25%. Additionally, an Average Broker Recommendation of #1 (Strong Buy) underscores the optimistic outlook from the brokerage community.
Future Prospects
With its solid price performance and robust fundamentals, CMPR appears poised for continued growth in the foreseeable future. The bullish sentiment surrounding the stock indicates a potential lack of trend reversal in the near term.
Exploring Opportunities
Aside from CMPR, several other stocks align with the criteria outlined in the “Recent Price Strength” screen. Investors seeking promising stock picks may consider exploring these opportunities to capitalize on the current market trends.
Unveiling More Insights
For investors seeking tailored strategies, over 45 Zacks Premium Screens offer specialized approaches to outperforming the market. By leveraging the Zacks Research Wizard, investors can backtest strategies and explore successful stock-picking methods, enhancing their investment decisions.
The Golden Ticket to Zacks’ Insights
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
