What Makes Perpetua Resources (PPTA) a Good Fit for 'Trend Investing'

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for sustaining momentum in stocks [1]. Group 1: Recent Price Strength Screen - The "Recent Price Strength" screen is a unique short-term trading strategy that helps identify stocks with strong fundamentals capable of maintaining an uptrend [2]. - Stocks that pass this screen are typically trading in the upper portion of their 52-week high-low range, indicating bullish sentiment [2]. Group 2: Perpetua Resources Corp. (PPTA) - Perpetua Resources Corp. has shown a solid price increase of 27.4% over the past 12 weeks, indicating investor confidence in its potential upside [3]. - The stock has also increased by 9.6% over the last four weeks, suggesting that the upward trend is still intact [4]. - Currently, PPTA is trading at 98% of its 52-week high-low range, indicating a potential breakout [4]. Group 3: Fundamental Strength - PPTA 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 [5]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 4: Additional Insights - The price trend for PPTA is expected to remain positive, and there are other stocks that also meet the criteria of the "Recent Price Strength" screen [7]. - The article suggests exploring over 45 Zacks Premium Screens tailored to different investing styles for potential stock picks [7].