Core Viewpoint - The article emphasizes the importance of confirming the sustainability of stock trends for successful short-term investing, highlighting that price movements should be supported by strong fundamentals and positive earnings estimates. Group 1: Stock Performance - Mitsubishi Electric Corporation (MIELY) has shown a solid price increase of 16.4% over the past 12 weeks, indicating investor confidence in its potential upside [4] - The stock has experienced a price increase of 26.1% over the past four weeks, suggesting that the upward trend is still intact [5] - MIELY is currently trading at 85.5% of its 52-week high-low range, indicating a potential breakout [5] Group 2: Fundamental Strength - MIELY 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 MIELY that are on an uptrend supported by strong fundamentals [3] - The Zacks Rank stock-rating system has a proven track record, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7] - Investors are encouraged to explore over 45 Zacks Premium Screens tailored to different investing styles to find potential winning stocks [8]
What Makes Mitsubishi Electric (MIELY) a Good Fit for 'Trend Investing'