Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the utility of a specific screening strategy to find stocks with strong fundamentals and positive momentum. Group 1: Stock Price Trends - The "Recent Price Strength" screen helps identify stocks with sufficient fundamental strength to sustain their recent upward trends [3] - Brainsway Ltd. (BWAY) has shown a solid price increase of 22.8% over the past 12 weeks, indicating investor confidence [4] - A recent price increase of 16.8% over the last four weeks further confirms that the upward trend for BWAY is intact [5] - BWAY is currently trading at 92.9% of its 52-week high-low range, suggesting a potential breakout [5] Group 2: Fundamental Strength - BWAY 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 [6] - The Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging a +25% annual return since 1988 [7] - The Average Broker Recommendation for BWAY is also 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [7] Group 3: Investment Strategy - The article suggests that BWAY may continue its price trend without reversal in the near future, making it a viable investment option [8] - In addition to BWAY, there are other stocks that meet the criteria of the "Recent Price Strength" screen, which can be considered for investment [8]
Brainsway (BWAY) Is a Great Choice for 'Trend' Investors, Here's Why