Forum Energy (FET) Is a Great Choice for 'Trend' Investors, Here's Why

Core Viewpoint - The article emphasizes the importance of identifying and maintaining stock price trends for successful short-term investing, highlighting the utility 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 upward price trends, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - This screening method simplifies the process of shortlisting stocks that are likely to maintain their recent uptrend, which is crucial for short-term investors [3]. Group 2: Company Analysis - Forum Energy Technologies (FET) - Forum Energy Technologies (FET) has shown a significant price increase of 67.3% over the past 12 weeks, indicating strong investor interest and potential for further upside [4]. - FET has also experienced a price increase of 19.8% over the last four weeks, confirming that the upward trend is still intact [5]. - Currently, FET is trading at 101.1% of its 52-week high-low range, suggesting it may be on the verge of a breakout [6]. Group 3: Fundamental Strength Indicators - 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, which are critical for near-term price movements [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]. - Historically, Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, indicating a strong track record for this rating [7].