Here's Why Momentum in Adtalem (ATGE) Should Keep going

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting that price movements alone may not be sufficient to predict future performance [1][2]. Group 1: Stock Performance - Adtalem Global Education (ATGE) has shown a solid price increase of 17.4% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 12.8% over the last four weeks, suggesting that the upward trend is still intact [5]. - ATGE is currently trading at 92.1% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - ATGE 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]. - The Zacks Rank 1 stocks have historically generated an average annual return of +25% since 1988, underscoring the effectiveness of this ranking system [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like ATGE that are on an uptrend supported by strong fundamentals [3]. - In addition to ATGE, there are other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [8]. - The article suggests utilizing the Zacks Research Wizard to backtest stock-picking strategies, enhancing the likelihood of selecting profitable stocks [9].