Accel Entertainment (ACEL) is on the Move, Here's Why the Trend Could be Sustainable

Core Viewpoint - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for maintaining momentum in stocks [1]. Group 1: Stock Performance - Accel Entertainment (ACEL) has shown a solid price increase of 12.9% over the past 12 weeks, indicating investor confidence in its potential upside [2]. - The stock has also maintained a price increase of 4.3% over the last four weeks, suggesting that the upward trend is still intact [2]. - ACEL is currently trading at 86.3% of its 52-week high-low range, indicating it may be on the verge of a breakout [2]. Group 2: Fundamental Strength - ACEL 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 key indicators of near-term price movements [3]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [3]. Group 3: Investment Strategy - The article suggests that there are several other stocks that also pass the "Recent Price Strength" screen, indicating potential investment opportunities [4]. - It mentions the availability of over 45 Zacks Premium Screens tailored to different investing styles, which can help identify winning stock picks [4].