Here's Why Momentum in First Financial (FFNW) Should Keep going

Asia's Tech News Daily

When it comes to short-term investing or trading, they say “the trend is your friend.” And there’s no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.

Zacks Premium Screens, Click to get this free report

– Zacks

The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.

Our “Recent Price Strength” screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. 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.

There are several stocks that passed through the screen and First Financial Northwest (FFNW) is one of them. Here are the key reasons why this stock is a solid choice for “trend” investing.

A solid price increase over a period of 12 weeks reflects investors’ continued willingness to pay more for the potential upside in a stock. FFNW is quite a good fit in this regard, gaining 3.5% 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 1.8% over the past four weeks ensures that the trend is still in place for the stock of this bank.

Moreover, FFNW is currently trading at 94.1% 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 #1 (Strong Buy), which means it is in the top 5% 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 FFNW may not reverse anytime soon.

In addition to FFNW, there are several other stocks that currently pass through our “Recent Price Strength” screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.

This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.

However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. 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.

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


Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

 

First Financial Northwest, Inc. (FFNW): Free Stock Analysis Report

 

To read this article on Zacks.com click here.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related

OTHER NEWS

ViacomCBS to sell iconic Studio Center for $1.85 billion

FILE PHOTO: ViacomCBS headquarters in New York, New York (Reuters) – ViacomCBS Inc, said on Tuesday it would sell CBS Studio Center, where the iconic sitcom “Seinfeld” was shot, for ... Read more »

WTO seeks deals in early 2022 despite postponing major meeting

A logo is pictured on the WTO in Geneva GENEVA (Reuters) – The World Trade Organization should be able to wrap up negotiations on fishing subsidies and a response to ... Read more »

Forget the "New Normal." There's No Normal in Marketing.

Over the past 18 months, companies navigating the pandemic have dealt with numerous changes to seemingly every facet of work. Beyond shifts in daily routines, work lives, and social behavior, ... Read more »

This Crypto-Fueled Internet Collective Raised More Than $40 Million to Buy a Rare Copy of the Constitution

The United States Constitution is more than just another document: It’s the foundation upon which this entire country has been built. In the most significant possible sense, it’s what attempts to ... Read more »

Inflation in eurozone soars to 4.9% – highest on record

Photograph: François Lenoir/Reuters Some investors accuse European Central Bank to allow inflation to run out of control Inflation across the 19-member eurozone soared to 4.9% this month, outstripping City forecasts ... Read more »

Your Top 4 Questions About 2022, Answered By the World's Top Superforecasters

You may have read our story about the forecasting company Good Judgment and its worldwide team of superforecasters. We wanted to put their expertise to use for our readers, so we asked ... Read more »

You Can't Do Everything. So Do the Best With What You Have.

Repeat after me: “I will do the best work with the resources available.” Nigel Parry This has become my mantra. It isn’t sexy. It doesn’t make for a great motivational ... Read more »

Why Jim Cramer Thinks Small Business Owners Can Do More Hiring Than Firing In 2022

When I look at small, private businesses,” says Jim Cramer, “I love to hear expansion plans. It is so exciting to me to hear expansion plans.” He believes the future ... Read more »

Meet the Elite Team of Superforecasters Who Have Turned Future-Gazing Into a Science

Before January 1, 2022, will the United States Olympic Committee announce that it is boycotting the 2022 Olympics? Nicolás Ortega I am in a virtual workshop that will test my ... Read more »

5 Things the Future Holds, According to the World's Most Elite Superforecasters

You may have read our story about the forecasting company Good Judgment and its worldwide team of superforecasters. Now it’s time to put them to the test. Nicolás Ortega Their crystal ball ... Read more »

Ofgem chief Brearley: Energy suppliers need to be more resilient

The UK’s energy suppliers need to be more resilient, the boss of Ofgem has said after more than two dozen companies collapsed in the last three months. Jonathan Brearley also ... Read more »

Here's why unemployment claims hit their lowest level since 1969

Recruiters speak with potential applicants during a job fair in Leesburg, Virginia, on Oct. 21, 2021. ANDREW CABALLERO-REYNOLDS | AFP | Getty Images Claims for unemployment benefits dipped to their ... Read more »

Ofgem promises tougher stress tests for energy suppliers

Photograph: Rosemary Roberts/Alamy Regulation will need to ‘go much further’ following string of provider collapses, says regulator The energy regulator has promised to put in place tougher stress tests for ... Read more »

Exclusive-Shell eyes return to Libya with oil, gas, solar investments

FILE PHOTO: A logo for Shell is seen on a garage forecourt in central London By Ron Bousso LONDON (Reuters) – Royal Dutch Shell is considering a return to Libya ... Read more »

BoE's Mann says Omicron could hit consumer confidence

FILE PHOTO: People walk past the Bank of England, in London LONDON (Reuters) – BoE policymaker Catherine Mann said on Tuesday that the newly detected Omicron coronavirus variant could hit ... Read more »

6 Key Questions You Should Always Ask Before Investing in a Commercial Real-Estate Property

Commercial real estate is one of the most reliable investment opportunities. Many people build long-term wealth through their property investments. Cyrus McCormick, one of the wealthiest Chicagoans in history, made ... Read more »

The Use Of Recycled Plastics In Packaging Of Food And Drinks Needs To Be Re-Deliberated: Experts

LawWiser, India’s first video-only knowledge-sharing platform for the legal community, today released a consultation paper on ‘The Dilemma of Recycling Plastics in India’. The objective of this consultation paper is ... Read more »

TSB to close quarter of branches in ‘another hammer blow' to UK high street

Photograph: Neil Hall/Reuters TSB Bank is closing a further 70 branches – a quarter of its network – in a move described by campaigners as “yet another hammer blow” to ... Read more »

Base rate and mortgages: all eyes on December

Unsplash ( ) While the Bank of England base rate remains at steady low of 0.1%, the prospect of continued rock-bottom interest rates is fast diminishing. Inflation – as measured ... Read more »

Factbox-Key ECB comments in lead up to crucial Dec 16 meeting

FILE PHOTO: ECB President Lagarde takes part in a news conference, in Frankfurt FRANKFURT (Reuters) – The following are key comments by ECB policymakers in the run up to a ... Read more »

Waiting to talk finance with an aging parent in cognitive decline is a mistake, experts say

Camille Tokerud Photography Inc. | Stone | Getty Images Your elderly mother is getting forgetful and confused. What do you do now? “Waiting until a senior's decline is evident may ... Read more »

Freetrade launching in Europe: Will it become top dog?

© Provided by This Is Money MailOnline logo Viktor Nebehaj’s first encounter with Freetrade came via a Crowdcube funding campaign. In a bold move, he emptied his bank accounts to ... Read more »

Triterras (TRIT) Sees Hammer Chart Pattern: Time to Buy?

Triterras, Inc. TRIT has been struggling lately, but the selling pressure may be coming to an end soon. That is because TRIT recently saw a Hammer Chart Pattern which can ... Read more »

Is It Good Public Policy to Prop Up the Stock Market?

Should policymakers prop up the stock market when it appears to be in danger of crashing down? PIX1861 / Pixabay – Valuewalk Q3 2021 hedge fund letters, conferences and more ... Read more »

SM Energy (SM) Sees Hammer Chart Pattern: Time to Buy?

SM Energy Company SM has been struggling lately, but the selling pressure may be coming to an end soon. That is because SM recently saw a Hammer Chart Pattern which ... Read more »

Bull of the Day: Tyson Foods (TSN)

Tyson Foods (TSN) is a Zacks #1 (Strong Buy) that is the biggest U.S. chicken company. Tyson produces, distributes and markets chicken, beef, pork as well as prepared foods. – ... Read more »

4 Grocery Stocks to Buy as Omicron Variant Raises Fresh Fears

The coronavirus pandemic is far from over. Just when people were feeling confident after vaccination and stepping out of their homes or planning vacations, the Omicron variant of the coronavirus ... Read more »

Bear of the Day: Cracker Barrel Old Country Store (CBRL)

Cracker Barrel (CBRL) is a Zacks Rank #5 (Strong Sell) that is engaged in the ownership and operation of full-service restaurants with a restaurant and a retail store in the ... Read more »

2 Top Intimate Apparel Stocks to Buy, 2 to Sell

After suffering a downturn last year, the intimate apparel sector is in a rebuilding phase. The expansion of digital platforms, increase in consumer spending and pent-up demand for customized and ... Read more »

Romeo Power (RMO) Sees Hammer Chart Pattern: Time to Buy?

Romeo Power, Inc. RMO has been struggling lately, but the selling pressure may be coming to an end soon. That is because RMO recently saw a Hammer Chart Pattern which ... Read more »

Tyson Foods, Cracker Barrel, NIO, Royal Dutch Shell and Tesla highlighted as Zacks Bull and Bear of the Day

For Immediate Release Chicago, IL – November 30, 2021 – Zacks Equity Research Shares of Tyson Foods, Inc. TSN as the Bull of the Day, Cracker Barrel Old Country Store, ... Read more »

Buy This Tech Stock on the Dip Before Earnings for Big Growth?

Veeva Systems Inc. VEEV offers cloud-based solutions for the pharmaceutical and life sciences industries. The stock has crushed the broader tech sector over the last five years and its growth ... Read more »

Why You Should Add Kronos Worldwide (KRO) to Your Portfolio

Kronos Worldwide, Inc.’s KRO stock looks promising at the moment. The company’s shares have gained around 9% over the past three months. We are positive on the company’s prospects and ... Read more »

Beam Global (BEEM) Sees Hammer Chart Pattern: Time to Buy?

Beam Global BEEM has been struggling lately, but the selling pressure may be coming to an end soon. That is because BEEM recently saw a Hammer Chart Pattern which can ... Read more »

Zacks.com featured highlights include: Home Depot, CDW Corp, Landstar System and KLA Corp

For Immediate Release Chicago, IL – November 30, 2021 – Stocks in this week’s article are The Home Depot, Inc. HD, CDW Corporation CDW, Landstar System, Inc. LSTR and KLA ... Read more »

Why I Burned Down (And Rebuilt) My Online Business In 100 Days

Two steps forward, five steps back, one-and-a-half cartwheels, throw your back out, and then do it all over again tomorrow. That’s how this entrepreneurship thing works, right? If your answer ... Read more »

Lumos Alternate Investment, Gruhas Proptech To Raise INR 500 Crore Realty Fund

Gruha Proptech LLP and  Lumos Alternate Investment Advisors Pvt Ltd (Lumos) have joined hands to raise INR 500 crore for a real estate fund, focused on structured debt, last-mile funding ... Read more »

Call to reduce socialising will harm hospitality sector, warn bosses

Hospitality sector bosses have warned that messaging from health officials for people to limit socialising amid the Omicron variant of Covid-19 will have a “damaging effect on businesses”. Kate Nicholls, ... Read more »

It's premature to turn bearish based on Covid omicron variant fears, Stifel's chief economist suggests

While Wall Street is on alert as a new Covid-19 variant spreads, Stifel's chief economist is hesitant to change her economic outlook. Lindsey Piegza sees lockdown risks tied to omicron, ... Read more »

Ray Dalio says cash is not a safe place right now despite heightened market volatility

Bridgewater Associates' Ray Dalio stood by his belief that cash is not the place to be despite the volatility in the markets triggered by the new omicron Covid variant. “Cash ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic