Core Viewpoint - The article emphasizes the importance of timing and sustainability in stock trends for successful short-term investing, highlighting the need for strong fundamentals to maintain momentum [1][2]. Group 1: Stock Performance - Sterling Infrastructure (STRL) has shown a solid price increase of 54.2% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 16.4% in the last four weeks, suggesting that the upward trend is still intact [5]. - STRL is currently trading at 82.3% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - STRL holds a Zacks Rank 2 (Buy), placing it in the top 20% 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 performance [7]. - The Zacks Rank system has a strong historical performance, with Zacks Rank 1 stocks averaging a +25% annual return since 1988 [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks like STRL that are on an uptrend supported by strong fundamentals [3]. - There are additional stocks that meet the criteria of the "Recent Price Strength" screen, providing further investment opportunities [8]. - The Zacks Research Wizard can assist in backtesting stock-picking strategies to ensure past profitability [9].
Here's Why Momentum in Sterling Infrastructure (STRL) Should Keep going