Carriage Services (CSV) 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 successful trades require confirmation of strong fundamentals and positive earnings estimates to maintain momentum [1]. Group 1: Investment Strategy - Investors can utilize the "Recent Price Strength" screen to identify stocks that are trending upwards, supported by strong fundamentals and trading near their 52-week high-low range, indicating bullish sentiment [2]. - Carriage Services (CSV) is identified as a strong candidate for trend investors, having experienced a price increase of 23.3% over the past 12 weeks, reflecting investor confidence in its potential upside [3]. - A recent price increase of 3.2% over the last four weeks suggests that the upward trend for CSV is still intact, which is crucial for potential winners [4]. Group 2: Company Fundamentals - CSV is currently trading at 91.5% of its 52-week high-low range, indicating it may be on the verge of a breakout [5]. - The stock 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 key indicators of near-term price movements [5][6]. - An Average Broker Recommendation of 1 (Strong Buy) further confirms the stock's fundamental strength, reflecting high optimism from the brokerage community regarding its near-term performance [6]. Group 3: Market Performance - Historically, Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, showcasing the effectiveness of the ranking system in identifying profitable investment opportunities [6]. - The article suggests that the price trend for CSV is unlikely to reverse soon, indicating a favorable outlook for investors [7].