When it comes to short-term investing or trading, following the trend is often advised for success, but timing is essential when entering the trend. Ensuring the sustainability of a trend can be challenging as stock price movements can reverse quickly after taking a position, leading to potential short-term capital losses. Factors such as sound fundamentals and positive earnings estimate revisions are crucial in maintaining momentum in a stock's price movement.
For investors seeking profitable stocks on the move, utilizing tools like the "Recent Price Strength" screen can be beneficial. This screen helps identify stocks trending upwards with strong fundamentals and trading near their 52-week high, typically signaling bullishness. IIJIY is noted as a fitting candidate that has passed through this screen, indicating it could be a lucrative option for trend investors.
Analyzing the price performance of IIJIY over specific periods reveals its potential for success. With a solid 12-week price increase of 49.6%, the stock reflects investors' willingness to pay more for potential upside. Additionally, a 15.3% price increase over the past four weeks indicates the stock's trend is still ongoing, while trading at 93.5% of its 52-week High-Low Range suggests a possible breakout. Moreover, the stock's Zacks Rank #2 and Average Broker Recommendation of #1 signify positive sentiments from analysts, further supporting its potential for sustained growth.