Most of us have heard the dictum "the trend is your friend." And this is undeniably the key to success when it comes to short-term investing or trading. But it isn't easy to ensure the sustainability of a trend and profit from it.The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.Inves ...

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 [1][2]. Group 1: Stock Screening Strategy - The "Recent Price Strength" screen is designed to identify stocks with sufficient fundamental strength to maintain their recent uptrend, focusing on those trading in the upper portion of their 52-week high-low range, indicating bullishness [3]. - Mirion Technologies, Inc. (MIR) is identified as a suitable candidate that has shown a solid price increase of 4% over the past 12 weeks, reflecting investor confidence [4]. - A significant price increase of 23.7% over the last four weeks further confirms that the upward trend for MIR is intact, with the stock currently trading at 80.8% of its 52-week high-low range, suggesting a potential breakout [5]. Group 2: Fundamental Strength - MIR 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 critical for near-term price movements [6]. - The Zacks Rank system has a proven track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988, indicating the effectiveness of this ranking in identifying strong investment opportunities [7]. - The Average Broker Recommendation for MIR is 1 (Strong Buy), reflecting high optimism from the brokerage community regarding the stock's near-term performance [7]. Group 3: Additional Insights - The article suggests that there are several other stocks passing through the "Recent Price Strength" screen, encouraging investors to explore these options for potential investments [8]. - It highlights the importance of backtesting stock-picking strategies to ensure past profitability, which can be facilitated by tools like the Zacks Research Wizard [9].

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for profitable short-term investing, highlighting the need for sound fundamentals and positive earnings estimates to maintain momentum. Group 1: Stock Performance - Red Violet, Inc. (RDVT) has shown a solid price increase of 7.1% over the past 12 weeks, indicating investor confidence in its potential upside [4] - The stock has also increased by 1.7% over the last four weeks, suggesting that the upward trend is still intact [5] - RDVT is currently trading at 84.7% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - RDVT 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 [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] Group 3: Investment Strategy - The article suggests using the "Recent Price Strength" screen to identify stocks like RDVT that are on an uptrend supported by strong fundamentals [3] - It mentions that there are over 45 Zacks Premium Screens available for investors to find winning stock picks based on their personal investing styles [8]