What Makes Shinhan Financial (SHG) a Good Fit for 'Trend Investing'

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting that price movements should be supported by strong fundamentals and positive earnings estimates [1][2]. Group 1: Stock Performance - Shinhan Financial (SHG) has shown a solid price increase of 34.2% over the past 12 weeks, indicating strong investor interest [4]. - Over the last four weeks, SHG has maintained a price increase of 0.7%, suggesting that the upward trend is still intact [5]. - SHG is currently trading at 92% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: 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 [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 using the "Recent Price Strength" screen to identify stocks like SHG that are on an uptrend with strong fundamentals [3]. - There are over 45 Zacks Premium Screens available for investors to find stocks that align with their investment strategies [8].