Red Violet (RDVT) 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 need for sound fundamentals and positive earnings estimates to maintain momentum. Group 1: Stock Performance - Red Violet, Inc. (RDVT) has shown a solid price increase of 7.1% over the past 12 weeks, indicating investor confidence in its potential upside [4] - The stock has also increased by 1.7% over the last four weeks, suggesting that the upward trend is still intact [5] - RDVT is currently trading at 84.7% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - RDVT 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 article suggests using the "Recent Price Strength" screen to identify stocks like RDVT that are on an uptrend supported by strong fundamentals [3] - It mentions that there are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [8]