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Here's Why Momentum in Intercorp Financial Services (IFS) Should Keep going

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the use of a specific screening strategy to find stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Performance - Intercorp Financial Services Inc. (IFS) has shown a solid price increase of 15.1% over the past 12 weeks, indicating strong investor interest [4]. - The stock has maintained a price increase of 1% over the last four weeks, suggesting that the upward trend is still intact [5]. - IFS is currently trading at 98.5% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - IFS 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 [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]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with sufficient fundamental strength to sustain their recent uptrends [3]. - The article suggests that there are several other stocks that also meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [8].