Adtalem Education (US:ATGE) ZACKSยท2024-07-10 13:51Core Viewpoint - The article emphasizes the importance of identifying and sustaining stock price trends for successful short-term investing, highlighting the utility of a "Recent Price Strength" screen to find stocks with strong fundamentals and upward momentum [1]. Group 1: Stock Performance - Adtalem Global Education (ATGE) has shown a significant price increase of 46.9% over the past 12 weeks, indicating strong investor interest [2]. - The stock has also maintained a price increase of 4% over the last four weeks, suggesting that the upward trend is still intact [2]. - ATGE is currently trading at 93.9% of its 52-week high-low range, indicating a potential breakout opportunity [2]. Group 2: Fundamental Strength - ATGE 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 [3]. - The Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging an annual return of +25% since 1988 [3]. - The Average Broker Recommendation for ATGE is 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 ATGE is a strong candidate for trend investing and encourages exploring other stocks that meet similar criteria through the "Recent Price Strength" screen [4]. - It highlights the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify potential winning stocks [4].