Alico (ALCO) 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 profitable 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 recent uptrend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Alico (ALCO) is highlighted as a suitable candidate that passed through this screening process, showing a solid price increase of 27.4% over the past 12 weeks, reflecting investor confidence in its potential upside [4]. - The stock has also maintained a price increase of 24.6% over the past four weeks, confirming that the upward trend is still intact [5]. Group 2: Fundamental Strength and Ratings - ALCO is currently trading at 84.9% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. - 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, which are critical for near-term price movements [6]. - The Average Broker Recommendation for ALCO is 1 (Strong Buy), indicating strong optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Additional Insights - The article suggests that the price trend for ALCO is unlikely to reverse soon, and there are other stocks that also meet the criteria of the "Recent Price Strength" screen, encouraging investors to explore these options [8]. - It is noted that a successful stock-picking strategy should be backed by historical profitable results, which can be tested using the Zacks Research Wizard [9].