Pretty big deal, found this published this week by Zacks a US analyst firm known for it’s very accurate analysis and profitable recommendations…
Lynas Corp. (LYSDY) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors. A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. LYSDY is quite a good fit in this regard, gaining 18.7% over this period.
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. It's important for a potential winner to maintain the price trend. A price increase of 17% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, LYSDY is currently trading at 93.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
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.
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. You can see the complete 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 highly optimistic about the stock's near-term price performance.
So, the price trend in LYSDY may not reverse anytime soon.
Nice to see a visionary analyst firm and the US are catching on…
https://finance.yahoo.com/news/makes-lynas-corp-lysdy-good-125012208.html
Good news from the US...
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Last
$6.56 |
Change
0.110(1.71%) |
Mkt cap ! $6.131B | |||
| Open | High | Low | Value | Volume |
| $6.60 | $6.64 | $6.38 | $35.64M | 5.476M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1500 | $6.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.57 | 2651 | 2 |
View Market Depth
| Last trade - 16.10pm 18/04/2024 (20 minute delay) ? |
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Last
$6.55 |
Change
0.110 ( 1.06 %) |
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| Open | High | Low | Volume | ||
| $6.60 | $6.64 | $6.38 | 1638983 | ||
| Last updated 15.59pm 18/04/2024 ? | |||||
| LYC (ASX) Chart |