Trend Analysis and Stock Selection - The trend is crucial for short-term investing or trading, but ensuring its sustainability is challenging [1] - A stock's price movement can reverse quickly, leading to short-term capital losses, so factors like sound fundamentals and positive earnings estimate revisions are essential to maintain momentum [2] - The "Recent Price Strength" screen helps identify stocks on an uptrend with strong fundamentals, trading in the upper portion of their 52-week high-low range, indicating bullishness [3] OSI Systems (OSIS) Analysis - OSIS has shown a solid price increase of 10% over 12 weeks, reflecting investor confidence in its potential upside [4] - A 22.7% price increase over the past four weeks confirms the stock's upward trend, particularly for an airport security and full-body scanner manufacturer [5] - OSIS is trading at 92.7% of its 52-week High-Low Range, suggesting it may be on the verge of a breakout [6] Fundamental Strength of OSIS - OSIS holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 stocks based on earnings estimate revisions and EPS surprises [6] - The Zacks Rank system has a strong track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7] - OSIS has an Average Broker Recommendation of 1 (Strong Buy), indicating high optimism among brokerage firms about its near-term performance [7] Additional Stock Opportunities - Several other stocks pass the "Recent Price Strength" screen, offering potential investment opportunities [8] - Over 45 Zacks Premium Screens are available to help investors find winning stocks based on their personal investing style [8] Strategy Validation - A successful stock-picking strategy should have a history of profitable results, which can be validated using tools like the Zacks Research Wizard [9]
Here's Why Momentum in OSI (OSIS) Should Keep going
OSI Systems(OSIS) ZACKS·2024-11-25 14:52