American Superconductor (AMSC) Is a Great Choice for 'Trend' Investors, Here's Why

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in stock prices for short-term investing, highlighting American Superconductor (AMSC) as a strong candidate for trend investing due to its recent price performance and positive fundamentals [1][2]. Group 1: Price Performance - AMSC has experienced a significant price increase of 34.2% over the past 12 weeks, indicating strong investor interest [2]. - The stock has also seen a price increase of 32.3% over the last four weeks, suggesting that the upward trend is still intact [2]. - Currently, AMSC is trading at 82.5% of its 52-week high-low range, indicating potential for a breakout [2]. Group 2: Fundamental Strength - AMSC holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises [3]. - The Zacks Rank system has a strong historical performance, with Rank 1 stocks averaging an annual return of +25% since 1988 [3]. - The Average Broker Recommendation for AMSC is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Additional Insights - The article suggests that AMSC is not the only stock that meets the criteria for recent price strength, encouraging investors to explore other options [4]. - It highlights the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can assist in identifying potential winning stocks [4].