From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.Ĭlick here to sign up for a free trial to the Research Wizard today.įrom thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. You could easily do that with the help of the Zacks Research Wizard. However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market. This is not the only screen that could help you find your next winning stock pick. You may consider investing in them and start looking for the newest stocks that fit these criteria. In addition to VMD, there are several other stocks that currently pass through our "Recent Price Strength" screen. So, the price trend in VMD may not reverse anytime soon. This indicates that the brokerage community is highly optimistic about the stock's near-term price performance. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >Īnother factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises - the key factors that impact a stock's near-term price movements. Moreover, VMD is currently trading at 92.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout. A price increase of 9.6% over the past four weeks ensures that the trend is still in place for the stock of this company. It's important for a potential winner to maintain the price trend. However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. VMD is quite a good fit in this regard, gaining 29.9% over this period. Here are the key reasons why it could be a profitable bet for "trend" investors.Ī solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. (VMD) is one of the several suitable candidates that passed through the screen. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard.
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