Perdoceo Education (PRDO) Is a Great Choice for 'Trend' Investors, Here's Why

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum. Group 1: Investment Strategy - The trend is a crucial factor in short-term investing, but ensuring its sustainability is challenging [1] - Investors should confirm sound fundamentals and positive earnings estimate revisions to maintain stock momentum [2] - A "Recent Price Strength" screen helps identify stocks with sufficient fundamental strength to sustain their uptrend [3] Group 2: Company Analysis - Perdoceo Education (PRDO) - PRDO has shown a solid price increase of 8.4% over the past 12 weeks, indicating investor confidence [4] - The stock has increased by 21.9% in the last four weeks, suggesting the trend remains strong [5] - PRDO is trading at 98.9% of its 52-week high-low range, indicating a potential breakout [5] Group 3: Fundamental Strength - PRDO 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 Zacks Rank system has a strong track record, with Rank 1 stocks averaging a +25% annual return since 1988 [7] - The Average Broker Recommendation for PRDO is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7] Group 4: Additional Opportunities - Besides PRDO, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [8] - The article encourages exploring over 45 Zacks Premium Screens tailored to different investing styles for potential stock picks [8]