Here's Why Momentum in Coca-Cola European (CCEP) Should Keep going

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires solid fundamentals to maintain that momentum [1][2]. Group 1: Stock Performance - Coca-Cola European (CCEP) has shown a solid price increase of 4.6% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - The stock has also increased by 3.8% over the last four weeks, suggesting that the upward trend is still intact [5]. - CCEP is currently trading at 97.2% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - CCEP 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 [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. - The Zacks Rank stock-rating system has a strong historical performance, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988 [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with sufficient fundamental strength to maintain their upward trends [3]. - In addition to CCEP, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [8]. - The article encourages investors to utilize various Zacks Premium Screens tailored to different investing styles to enhance stock-picking strategies [8].