Photronics (PLAB) is a great choice for "trend" investors, for this reason.


When it comes to short-term investing or trading, they say, "Trend is your friend." And there is no denying that this is the most profitable strategy. But it is easier said than done.


Often, the movement of the stock price reverses rapidly after taking a position in it, causing investors to incur short-term capital losses. Therefore, it is important to make sure that there are many factors - such as fundamentals, revision of positive earnings estimates, etc. - that can keep the momentum in the stock.


Investors looking to make a profit from stocks that are currently moving on can find our "Current Price Power" screen quite useful. This default screen is useful for identifying stocks that are firmly uptrend in their fundamentals, and trade in the upper part of their 52-week high-low range, which is generally But there is a sign of speed.


Phototronics (PLAB) is one of the many suitable candidates who have gone through the screen. Here are the main reasons why this "trend" could be a profitable bet for investors.


The solid rise in prices over a 12-week period indicates investors' continued willingness to pay more for a possible stock increase. PLAB is quite suitable in this regard, it has increased by 17% during this period.


However, it is not enough to watch the price change for about three months, as it does not reflect any change in the trend that may have occurred in a short time. It is important for the potential winner to maintain the price trend. A 41.2% rise in prices over the past four weeks ensures that the stock for this electronics imaging company is still trending.


Furthermore, PLAB is currently trading at 100% of its 52-week high-low range, indicating that it is on the verge of a breakout.


Basically, the stock is currently ranked # 1 (Strong Buy) in the stock, which means it is in the top 5% of the more than 4,000 stocks we've been reviewing earnings estimates and EPS surprises. Rate based on trends. Key factors that affect the near-term price movement of a stock.


The story continues.


The Zacks Rank Stock Rating System, which uses four factors to estimate earnings to classify stocks into five groups, ranging from Zacks Rank # 1 (Strong Buy) to Zacks Rank # 5 (Strong Selling). ), Has an impressive externally audited track. The record, with Zacks Rank # 1 stocks, has an average annual return of + 25% since 1988. You can see the full list of today's Zacks Rank # 1 (Strong Buy) stocks here >>>>


Another factor that confirms the core strength of the company is its average broker's # 1 recommendation (strong buy). This indicates that the brokerage community is very optimistic about the performance of the stock in the near term.


Therefore, the price trend in PLAB may not change anytime soon.


In addition to PLAB, there are many other stocks that currently pass through our "Current Price Power" screen. You may want to consider investing in them and start looking for new stocks that meet these criteria.


This is not the only screen that can help you find your next winning stock. Depending on your personal investment style, you can choose from over 45 Zacks premium screens designed with strategy to beat the market.


However, keep in mind that the key to a successful stock picking strategy is to make sure that it has achieved profitable results in the past. You can do this easily with the help of the Zacks Research Wizard. In addition to allowing you to evaluate the effectiveness of your strategy, this program is packed with some of our most successful stock picking strategies.


Click here to sign up for a free trial in the Research Wizard today.


Want the latest recommendations from Zacks Investment Research? Today, you can download the 7 best stocks for the next 30 days. Click to get this free report Photoronics, Inc. (PLAB): Free Stock Analysis Report Click here to read this article on Zacks.com.

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