Krystal Biotech, Inc.  (KRYS) is a great choice for “Trend” investors, Here’s why – March 14, 2024

While “the trend is your friend” when it comes to short-term investing or trading, the timing of entering the trend is a key determinant of success. And increasing the chances of success by making sure that the sustainability of a trend is not easy.

Often, the direction of a stock’s price movement changes quickly after taking a position in it, causing investors to suffer a short-term capital loss. So it’s important to make sure there are sufficient factors — such as sound fundamentals, positive earnings estimate revisions, etc. — that can keep the momentum going.

Investors looking to profit from stocks that are currently moving may find our Recent Price Strength screen quite useful. This default screen comes in handy for spotting stocks that are in an uptrend supported by strength in their fundamentals and trading at the top of their 52-week high-low range, which is usually an indicator of growth.

There are some actions that went through the screen and Krystal Biotech, Inc. (RAT Free Report) is one of them. Here are the main reasons why this stock is a solid pick for “trend” investing.

A solid price increase over a 12-week period reflects investors’ continued willingness to pay more for a stock’s potential growth. KRYS is quite suitable in this regard, gaining 58.8% during this period.

However, it is not enough to look at the price change over about three months, as it does not reflect any trend changes that may have occurred in a shorter time frame. It is important for a potential winner to maintain the price trend. The 62.9% price increase over the past four weeks ensures that the trend is still in place for this company’s stock.

Furthermore, KRYS is currently trading at 91.1% of its 52-week high-low range, hinting that it may be on the verge of a breakout.

Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), meaning it is in the top 20% of the more than 4,000 stocks we rank based on trends in earnings estimate revisions and EPS surprises – – key factors that affect the short-term price movements of a share.

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 footprint. record, with Zacks Rank #1 stocks generating 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 company’s fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is very optimistic about the short-term stock price performance.

So the price trend in KRYS may not reverse anytime soon.

In addition to KRYS, there are several other stocks that currently cross our “Recent Price Strength” screen. You can consider investing in them and start searching for the newest stocks that fit these criteria.

This isn’t the only screen that can help you find your next winning stock pick. Based on your personal investment style, you can choose from over 45 Zacks Premium Screens that are strategically designed to beat the market.

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