Grand Canyon Education (LOPE) 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 successful short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their upward trend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Grand Canyon Education (LOPE) is highlighted as a strong candidate for trend investing, having increased by 14.8% over the past 12 weeks, reflecting investor confidence [4]. - LOPE has also seen a price increase of 25% over the past four weeks, suggesting that the upward trend is still intact, and it is currently trading at 87.4% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - LOPE carries 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]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988, underscoring the effectiveness of this ranking system [7]. Group 3: Additional Insights - Besides LOPE, 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 identify potential winning stocks [8].