Recent Price Trend in Steelcase (SCS) is Your Friend, Here's Why

Core Insights - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while trends can be profitable, confirming their sustainability is crucial [1][8]. Group 1: Stock Performance - Steelcase (SCS) has shown a solid price increase of 12.4% over the past 12 weeks, indicating strong investor interest [3]. - Currently, SCS is trading at 82.4% of its 52-week high-low range, suggesting it may be on the verge of a breakout [4]. - The stock has also increased by 7.9% over the past four weeks, reinforcing the ongoing positive trend [10]. Group 2: Ratings and Recommendations - SCS holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [11]. - The average broker recommendation for SCS is also 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [12]. Group 3: Investment Strategies - The article suggests utilizing the "Recent Price Strength" screen to identify stocks like SCS that are on an upward trend supported by strong fundamentals [2][9]. - There are over 45 Zacks Premium Screens available for investors to find winning stock picks tailored to their investing styles [6].