Here's Why Momentum in Forum Energy (FET) Should Keep going

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. Group 1: Investment Strategy - The "Recent Price Strength" screen is a unique short-term trading strategy that helps shortlist stocks with sufficient fundamental strength to maintain their recent uptrend [3] - This screening process focuses on stocks trading in the upper portion of their 52-week high-low range, indicating bullishness [3] Group 2: Company Analysis - Forum Energy Technologies (FET) - Forum Energy Technologies (FET) has shown a solid price increase of 56.9% over the past 12 weeks, indicating strong investor interest [4] - FET has maintained a price increase of 22% over the last four weeks, suggesting that the upward trend is still intact [5] - The stock is currently trading at 96.4% of its 52-week high-low range, indicating a potential breakout [6] Group 3: Fundamental Strength - FET 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 Average Broker Recommendation for FET is also 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7] Group 4: Additional Insights - The article suggests that FET's price trend is unlikely to reverse soon, and encourages consideration of other stocks that meet the "Recent Price Strength" criteria [8] - The Zacks Rank stock-rating system has a strong historical performance, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]