Here's Why Momentum in Enova International (ENVA) Should Keep going

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, ensuring its longevity is crucial for success [1][2]. Group 1: Stock Performance - Enova International (ENVA) has shown a solid price increase of 35.7% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also maintained a price increase of 6.2% over the last four weeks, suggesting that the upward trend is still intact [5]. - ENVA is currently trading at 104.1% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - ENVA 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]. - The Zacks Rank system has a strong historical performance, with Rank 1 stocks generating an average annual return of +25% since 1988 [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with sufficient fundamental strength to maintain their upward trends [3]. - In addition to ENVA, 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 investors in backtesting stock-picking strategies to ensure past profitability [9].