Icon PLC (ICLR) is on the Move, Here's Why the Trend Could be Sustainable

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting Icon PLC (ICLR) as a strong candidate for trend investing due to its recent price performance and positive fundamentals [1][2]. Price Performance - ICLR has shown a solid price increase of 4.8% over the past 12 weeks, indicating investor confidence in its potential upside [2]. - The stock has maintained a price increase of 0.5% over the last four weeks, suggesting that the upward trend is still intact [3]. - Currently, ICLR is trading at 80.6% of its 52-week high-low range, indicating a potential breakout opportunity [3]. Fundamental Strength - ICLR holds a Zacks Rank of 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 [4]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [5]. Investment Strategy - The article suggests that ICLR may continue its price trend, and encourages investors to explore other stocks that meet similar criteria through the "Recent Price Strength" screen [6]. - The "Recent Price Strength" screen is designed to identify stocks with strong fundamentals that are maintaining an uptrend, focusing on those trading in the upper portion of their 52-week range [9].