Shinhan Financial (SHG) is on the Move, Here's Why the Trend Could be Sustainable

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for sustaining momentum in stock prices [1]. Group 1: Stock Screening and Selection - The "Recent Price Strength" screen is a unique short-term trading strategy that helps identify stocks with strong fundamentals capable of maintaining an uptrend [2]. - Stocks that pass this screen are trading in the upper portion of their 52-week high-low range, indicating bullish sentiment [2]. Group 2: Case Study - Shinhan Financial (SHG) - Shinhan Financial (SHG) has shown a significant price increase of 43.2% over the past 12 weeks, indicating strong investor interest [3]. - Over the last four weeks, SHG's price has increased by 15.2%, confirming that the upward trend is still intact [4]. - SHG is currently trading at 92.3% of its 52-week high-low range, suggesting it may be on the verge of a breakout [4]. Group 3: Fundamental Strength - SHG holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [5]. - The Zacks Rank system has a strong track record, with Rank 1 stocks averaging an annual return of +25% since 1988 [6]. - The Average Broker Recommendation for SHG is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [6]. Group 4: Additional Opportunities - Besides SHG, there are other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [7]. - The article suggests exploring over 45 Zacks Premium Screens tailored to different investing styles for potential stock picks [7].