Recent Price Trend in First Reliance Bancshares (FSRL) is Your Friend, Here's Why

Core Insights - The article emphasizes the importance of identifying sustainable trends in short-term investing to maximize profitability [1][2] Group 1: Stock Performance - First Reliance Bancshares Inc. (FSRL) has shown a solid price increase of 32.7% over the past 12 weeks, indicating strong investor interest [4] - FSRL has also experienced an 18.2% price increase in the last four weeks, suggesting that the upward trend is still intact [5] - The stock is currently trading at 85.1% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - FSRL 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 [6] - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [7] Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with sufficient fundamental strength to maintain their upward momentum [3] - In addition to FSRL, there are other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [8]