What Makes First Bank (FRBA) a Good Fit for 'Trend Investing'

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in stock prices for short-term investing, highlighting that while trends can be profitable, ensuring their longevity is challenging [1][2]. Group 1: Stock Performance - First Bank (FRBA) has shown a solid price increase of 0.2% over the past 12 weeks, indicating investor confidence in its potential upside [4]. - Over the last four weeks, FRBA's price has increased by 7.9%, suggesting that the upward trend is still intact [5]. - FRBA is currently trading at 91.2% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - FRBA 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 price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for investors to identify stocks like FRBA 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].