Alliance Resource Partners(US:ARLP) ZACKSยท2024-06-25 13:50Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the utility of a "Recent Price Strength" screening strategy to find stocks with strong fundamentals and upward momentum [1]. Group 1: Stock Performance - Alliance Resource Partners, L.P. (ARLP) has shown a solid price increase of 19.2% over the past 12 weeks, indicating strong investor interest [2]. - The stock has also maintained a price increase of 3% over the last four weeks, suggesting that the upward trend is still intact [2]. - ARLP is currently trading at 80.3% of its 52-week high-low range, indicating a potential breakout opportunity [2]. Group 2: Fundamental Strength - ARLP holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are critical for near-term price movements [3]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that ARLP is a strong candidate for trend investing and encourages exploring other stocks that meet the "Recent Price Strength" criteria [4]. - It mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify potential winning stocks [4].