What Makes Ouster (OUST) a Good Fit for 'Trend Investing'

Core Viewpoint - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for maintaining stock momentum [1]. Group 1: Stock Performance - Ouster, Inc. (OUST) has shown a significant price increase of 78.4% over the past 12 weeks, indicating strong investor interest [3]. - The stock has also experienced a price increase of 32.4% over the last four weeks, suggesting that the upward trend is still intact [4]. - Currently, OUST is trading at 84.7% of its 52-week high-low range, indicating a potential breakout opportunity [4]. Group 2: Fundamental Strength - OUST 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 [5]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 3: Investment Strategy - The article suggests that investors can utilize the "Recent Price Strength" screen to identify stocks like OUST that are on an upward trend supported by strong fundamentals [2]. - In addition to OUST, there are other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [7].