Mission Produce (AVO) Is a Great Choice for 'Trend' Investors, Here's Why

Core Viewpoint - The article emphasizes the importance of identifying and maintaining trends in short-term investing, highlighting the utility of a "Recent Price Strength" screen to find stocks with strong fundamentals that can sustain upward momentum [1]. Group 1: Stock Performance - Mission Produce, Inc. (AVO) has shown a solid price increase of 26.4% over the past 12 weeks, indicating investor confidence in its potential upside [2]. - AVO has also maintained a price increase of 16.7% over the last four weeks, suggesting that the upward trend is still intact [2]. - Currently, AVO is trading at 80.1% of its 52-week high-low range, indicating a potential breakout opportunity [2]. Group 2: Fundamental Strength - AVO 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 [3]. - The stock's Average Broker Recommendation is also 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 AVO may not experience a trend reversal soon, making it a candidate for trend investors [4]. - In addition to AVO, there are other stocks that meet the criteria of the "Recent Price Strength" screen, which can help investors identify potential winning stocks [4]. - The Zacks Research Wizard is mentioned as a tool for backtesting stock-picking strategies, enhancing the likelihood of selecting profitable investments [4].