Corcept (CORT) is on the Move, Here's Why the Trend Could be Sustainable

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting that trends can reverse unexpectedly, leading to potential losses for investors [1][2]. Group 1: Stock Performance - Corcept Therapeutics (CORT) has shown a solid price increase of 56.7% over the past 12 weeks, indicating strong investor interest and potential upside [4]. - CORT has also experienced an 11% price increase over the last four weeks, suggesting that the upward trend is still intact [5]. - The stock is currently trading at 82% of its 52-week high-low range, indicating it may be on the verge of a breakout [5]. Group 2: Fundamental Strength - CORT 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, which are critical for near-term price movements [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 article suggests using the "Recent Price Strength" screen to identify stocks like CORT that are on an uptrend supported by strong fundamentals [3]. - It mentions that there are over 45 Zacks Premium Screens available for investors to find stocks that align with their personal investing styles [8].