Orion Marine (ORN) Stands Out as an Excellent Option for Trend-Focused Investors – Here’s the Reason

Maximizing Short-Term Gains with Trend-Focused Strategies

In the world of short-term trading, the saying "the trend is your friend" holds true for many investors seeking quick profits. However, identifying a trend that will persist long enough to capitalize on it can be challenging.

It’s not uncommon for a stock’s price direction to shift abruptly after an investor takes a position, resulting in short-term losses. To help reduce this risk, it’s crucial to look for supporting factors—such as strong company fundamentals and upward revisions in earnings estimates—that can help sustain a stock’s momentum.

Spotting Stocks with Lasting Momentum

Our proprietary "Recent Price Strength" screening tool is designed to help traders quickly identify stocks with the underlying strength to maintain their upward trajectory. This screen filters for companies that are trading near the top of their 52-week price range, a common indicator of bullish sentiment.

Orion Marine Group (ORN) stands out as a prime example from this screen. Here’s why it could be a compelling choice for trend-focused investors:

• Over the past 12 weeks, ORN’s share price has climbed 17%, signaling ongoing investor confidence in its potential.
• In the last four weeks alone, the stock has risen another 4.1%, suggesting the positive trend remains intact for this leading civil marine contractor.
• Currently, ORN is trading at 84.6% of its 52-week high-low range, indicating a possible breakout is on the horizon.

Strong Fundamentals Backing the Trend

ORN holds a Zacks Rank #1 (Strong Buy), placing it among the top 5% of over 4,000 stocks ranked by trends in earnings estimate revisions and earnings surprises—key drivers of short-term price movement.

The Zacks Rank system, which sorts stocks into five categories from #1 (Strong Buy) to #5 (Strong Sell) based on four earnings-related factors, has a proven track record. Since 1988, Zacks Rank #1 stocks have delivered an average annual return of 25%.

Additionally, ORN’s Average Broker Recommendation is #1 (Strong Buy), reflecting widespread optimism among analysts about its near-term prospects.

Given these factors, the current upward trend in ORN appears likely to continue.

Explore More Opportunities

ORN isn’t the only stock meeting the criteria of our "Recent Price Strength" screen. Investors can explore other candidates that show similar potential and keep an eye out for new additions that fit these momentum-driven characteristics.

Beyond this screen, there are over 45 Zacks Premium Screens tailored to different investing styles, each designed to help you outperform the market.

Remember, the foundation of any successful stock-picking approach is a proven track record. The Zacks Research Wizard allows you to backtest strategies and access some of our most effective stock selection methods.

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