Northrim (NRIM) is on the Move, Here's Why the Trend Could be Sustainable

Core Viewpoint - The sustainability of a stock trend is crucial for successful short-term investing, and various factors must be considered to maintain momentum [1][2]. Group 1: Stock Performance - Northrim BanCorp (NRIM) has shown a solid price increase of 30.2% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 30.8% over the last four weeks, suggesting that the upward trend is still intact [5]. - NRIM is currently trading at 86.1% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - NRIM 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 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 with sufficient fundamental strength to maintain their upward trends [3]. - In addition to NRIM, there are other stocks that meet the criteria of the "Recent Price Strength" screen, which can be considered for investment [8].