Here's Why Momentum in Sabesp (SBS) Should Keep going

Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful 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 Performance - Sabesp (SBS) has shown a solid price increase of 24.1% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 19.4% in the last four weeks, suggesting that the upward trend is still intact [5]. - SBS is currently trading at 96.3% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - SBS 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]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like SBS that have the fundamental strength to maintain their recent uptrend [3]. - The article suggests that there are several other stocks passing through this screening process, which could also be considered for investment [8].