Red Violet(RDVT) ZACKS·2024-12-16 14:50Core 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: Stock Screening and Selection - 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]. - Red Violet, Inc. (RDVT) is highlighted as a suitable candidate that has shown a solid price increase of 28.8% over the past 12 weeks, indicating investor confidence [3]. - RDVT has also experienced a price increase of 14.4% over the last four weeks, confirming that the upward trend is still intact [4]. Group 2: Technical Indicators - RDVT is currently trading at 90.6% of its 52-week high-low range, suggesting it may be on the verge of a breakout [4]. - The stock 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 [5]. Group 3: Analyst Recommendations - The Zacks Rank stock-rating system has a strong track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988, indicating the effectiveness of this ranking system [6]. - RDVT 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 Opportunities - Besides RDVT, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [7]. - The article mentions that there are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [7].