First Reliance Bancshares (FSRL) Is a Great Choice for 'Trend' Investors, Here's Why

Core Viewpoint - The sustainability of a stock trend is crucial for successful short-term investing, and various factors must support the momentum to avoid quick reversals in price movement [1][2]. Group 1: Stock Performance - First Reliance Bancshares Inc. (FSRL) has shown a solid price increase of 16.5% over the past 12 weeks, indicating strong investor interest [4]. - FSRL has also maintained a price increase of 7.3% over the last four weeks, suggesting that the upward trend is still intact [5]. - The stock is currently trading at 99.6% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - FSRL 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 "Recent Price Strength" screen is a useful tool for identifying stocks like FSRL that are on an uptrend supported by strong fundamentals [3]. - There are additional stocks that meet the criteria of the "Recent Price Strength" screen, providing further investment opportunities [8].