Recent Price Trend in Owlet (OWLT) is Your Friend, Here's Why

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the use of a specific screening strategy to identify stocks with strong fundamentals and positive price momentum [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their upward price trends, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Owlet, Inc. (OWLT) is highlighted as a candidate that passed the screening, showing a significant price increase of 78.4% over the past 12 weeks, reflecting investor confidence [4]. - A recent price increase of 7.7% over the last four weeks further confirms that the upward trend for OWLT is still intact, with the stock currently trading at 88.7% of its 52-week high-low range, suggesting a potential 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 Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging an annual return of +25% since 1988, indicating the reliability of this ranking system [7]. - The Average Broker Recommendation for OWLT is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding the stock's near-term performance [7]. Group 3: Additional Opportunities - Besides OWLT, there are several other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities for trend-focused investors [8]. - The article mentions that there are over 45 Zacks Premium Screens available, tailored to different investing styles, which can assist in identifying potential winning stocks [8].