What Makes Daktronics (DAKT) a Good Fit for 'Trend Investing'

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the use of a specific screening strategy to find stocks with strong fundamentals and positive momentum. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to sustain their recent upward trends, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Daktronics (DAKT) is highlighted as a candidate that passed the screening, showing a solid price increase of 12.8% over the past 12 weeks, reflecting investor confidence in its potential upside [4]. - DAKT has also experienced an 18.8% price increase over the last four weeks, confirming that the upward trend is still intact [5]. Group 2: Fundamental Analysis - DAKT 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, which are critical for near-term price movements [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), indicating high optimism from the brokerage community regarding its near-term price performance [7]. - The article suggests that the price trend for DAKT is unlikely to reverse soon, reinforcing its potential as a strong investment option [8].