Here's Why Momentum in Pangaea Logistics (PANL) Should Keep going

Core Viewpoint - The article emphasizes the importance of identifying and sustaining stock price trends for successful short-term investing, highlighting the need for strong fundamentals and positive earnings revisions to maintain momentum [1][2]. Group 1: Stock Performance - Pangaea Logistics (PANL) has shown a solid price increase of 37.4% over the past 12 weeks, indicating strong investor interest [4]. - The stock has experienced a significant price increase of 45.3% over the last four weeks, suggesting that the upward trend is still intact [5]. - PANL is currently trading at 95.8% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - PANL 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 a strong historical performance, 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 PANL that are on an uptrend supported by strong fundamentals [3]. - The article suggests that there are other stocks passing through the "Recent Price Strength" screen that may also be worth considering for investment [8]. - Investors are encouraged to utilize the Zacks Research Wizard to backtest stock-picking strategies and identify profitable opportunities [9].