StoneX Group (SNEX) is on the Move, Here's Why the Trend Could be Sustainable

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings estimates to sustain momentum. Group 1: Stock Performance - StoneX Group Inc. (SNEX) has shown a solid price increase of 12.4% over the past 12 weeks, indicating investor confidence in its potential upside [4] - Over the last four weeks, SNEX's price has increased by 6.6%, suggesting that the upward trend is still intact [5] - SNEX is currently trading at 82.1% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - SNEX 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] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like SNEX that have the fundamental strength to maintain their upward trends [3] - The article suggests that there are several other stocks passing through the "Recent Price Strength" screen, encouraging investors to explore these options [8]