Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting Century Aluminum (CENX) as a strong candidate for trend investing due to its significant price increases and favorable fundamentals [1][2][4]. Group 1: Stock Performance - Century Aluminum (CENX) has experienced a solid price increase of 58% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also seen a price increase of 35.4% over the last four weeks, suggesting that the upward trend is still intact [5]. - CENX is currently trading at 95.8% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - CENX 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]. - The Zacks Rank system has shown an impressive track record, with Rank 1 stocks generating an average annual return of +25% since 1988 [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like CENX that are on an uptrend supported by strong fundamentals [3]. - In addition to CENX, there are other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [8]. - The article suggests that successful stock-picking strategies should be backed by historical performance data, which can be analyzed using the Zacks Research Wizard [9].
Century (CENX) Is a Great Choice for 'Trend' Investors, Here's Why