Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in stock prices for short-term investing, highlighting that while trends can be profitable, ensuring their longevity is challenging [1][2]. Group 1: Stock Performance - GHM has demonstrated a solid price increase of 47% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also maintained a price increase of 1.7% over the last four weeks, suggesting that the upward trend is still intact [5]. - Currently, GHM is trading at 91.7% of its 52-week high-low range, indicating a potential breakout [6]. Group 2: Fundamental Strength - GHM 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 investors to identify stocks like GHM that are on an uptrend supported by strong fundamentals [3]. - The article suggests that there are several other stocks passing through this screen, providing additional investment opportunities [8].
Here's Why Momentum in Graham (GHM) Should Keep going