Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2][3]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their upward price trends, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Astronics Corporation (ATRO) is highlighted as a suitable candidate from this screen, showing a solid price increase of 11% over the past 12 weeks, reflecting investor confidence [4]. - ATRO has experienced a significant price increase of 26.8% over the last four weeks, indicating that the upward trend is still intact, and it is currently trading at 96.8% of its 52-week high-low range, suggesting a potential breakout [5]. Group 2: Fundamental Strength - ATRO 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, which are critical for near-term price movements [6]. - The Zacks Rank system has a strong track record, with Zacks Rank 1 stocks averaging an annual return of +25% since 1988, indicating the effectiveness of this ranking system [7]. - The average broker recommendation for ATRO is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding the stock's near-term performance [7]. Group 3: Additional Insights - Besides ATRO, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting a broader opportunity for investors to explore [8]. - The article encourages investors to utilize various Zacks Premium Screens tailored to different investing styles to identify potential winning stocks [8].
Astronics (ATRO) is on the Move, Here's Why the Trend Could be Sustainable