Recent Price Trend in Shinhan Financial (SHG) is Your Friend, Here's Why

Core Viewpoint - The article emphasizes the importance of identifying and sustaining stock price trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings revisions to maintain momentum [1][2]. Group 1: Stock Performance - Shinhan Financial (SHG) has shown a solid price increase of 35.6% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 8.3% over the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, SHG is trading at 83.6% of its 52-week high-low range, indicating a potential breakout opportunity [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 price performance [7]. Group 3: Investment Strategy - The article suggests utilizing the "Recent Price Strength" screen to identify stocks like SHG that are on an upward trend supported by strong fundamentals [3][8]. - It also mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help investors find winning stock picks [8].