Shinhan Financial (SHG) Is a Great Choice for 'Trend' Investors, Here's Why

Core Viewpoint - The article emphasizes the importance of timing and sustainability in stock trends for successful short-term investing, highlighting the need for strong fundamentals to maintain momentum [1][2]. Group 1: Stock Performance - Shinhan Financial (SHG) has shown a solid price increase of 37.9% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 19.2% in the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, SHG is trading at 84.1% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - SHG 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 performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like SHG that are on an uptrend supported by strong fundamentals [3]. - The article suggests that there are other stocks passing through this screen, encouraging investors to explore additional opportunities [8].