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][3]. 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]. - OppFi Inc. (OPFI) is highlighted as a suitable candidate that passed through this screening process, showing a significant price increase of 110.1% over the past 12 weeks, reflecting investor confidence [4]. - OPFI has also demonstrated a price increase of 107.8% over the last four weeks, indicating that the upward trend is still intact, and it is currently trading at 99% of its 52-week high-low range, suggesting a potential breakout [5]. Group 2: Fundamental Strength - OPFI carries 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, which are critical for near-term price movements [6]. - The Zacks Rank system has a strong historical performance, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988, indicating the reliability of this ranking system [7]. - The Average Broker Recommendation for OPFI is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding the stock's near-term performance [7]. Group 3: Additional Insights - The article suggests that OPFI's price trend 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]. - The article mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can assist in identifying potential winning stock picks [8].
OppFi (OPFI) is on the Move, Here's Why the Trend Could be Sustainable