Here's Why Momentum in Owlet (OWLT) Should Keep going

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, ensuring the longevity of such trends is crucial for success [1][2]. Group 1: Stock Performance - Owlet, Inc. (OWLT) has shown a significant price increase of 101% over the past 12 weeks, indicating strong investor interest and potential upside [4]. - The stock has also experienced a price increase of 57.7% over the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, OWLT is trading at 99.7% of its 52-week high-low range, indicating it may be on the verge of a breakout [5]. Group 2: Fundamental Strength - OWLT 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, which are critical for near-term price movements [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 with sufficient fundamental strength to maintain their upward trends, including OWLT [3][8]. - The article suggests that there are several other stocks that also meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [8].