Owlet (OWLT) Is a Great Choice for 'Trend' Investors, Here's Why

Core Insights - The article emphasizes the importance of confirming the sustainability of a trend for successful short-term investing, highlighting that timing entries into the trend is crucial for success [1][2]. Investment Strategy - Investors should look for stocks with sound fundamentals and positive earnings estimate revisions to maintain momentum in their trades [2]. - The "Recent Price Strength" screen is a useful tool for identifying stocks that are on an uptrend, supported by strong fundamentals and trading near their 52-week high-low range [3]. Company Spotlight: Owlet, Inc. (OWLT) - Owlet, Inc. has shown a solid price increase of 70% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 11.1% over the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, OWLT is trading at 82.8% of its 52-week high-low range, indicating a potential breakout [5]. 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 [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]. Additional Opportunities - Besides OWLT, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [8]. - The Zacks Research Wizard can assist in backtesting stock-picking strategies to ensure they have produced profitable results in the past [9].