International Seaways (INSW) is Gaining Momentum—Reasons This Upward Trend May Continue

Why Following Market Trends Matters for Short-Term Investors

The saying "the trend is your friend" is well-known among traders, and for good reason—identifying and riding a trend is often crucial for short-term gains. However, capitalizing on a trend and ensuring it lasts can be challenging.

It's common for a stock's price direction to shift soon after an investor enters a position, sometimes resulting in quick losses. That's why it's essential to look for supporting factors—like strong company fundamentals or upward revisions in earnings estimates—that can help sustain a stock's momentum.

Spotting Stocks with Lasting Momentum

Our "Recent Price Strength" screening tool, built on a proprietary short-term trading approach, can help identify stocks with the resilience to maintain their upward movement. This screen highlights companies with solid fundamentals that are also trading near the top of their 52-week price range—a typical sign of bullish sentiment.

International Seaways (INSW): A Standout Performer

One notable stock that emerged from this screen is International Seaways (INSW). Here’s why it stands out for trend-focused investors:

• Over the past 12 weeks, INSW’s share price has climbed 52.7%, indicating steady investor confidence and demand.
• In the last four weeks alone, the stock has risen 23.9%, confirming that the positive trend remains intact.
• Currently, INSW is trading at 94.4% of its 52-week high-low range, suggesting a potential breakout may be on the horizon.

Strong Fundamentals Back the Trend

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

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

Additionally, INSW has an Average Broker Recommendation of #1 (Strong Buy), reflecting widespread optimism among analysts about its near-term prospects.

Given these factors, the current upward trend for INSW appears likely to continue.

Other Opportunities and Tools for Investors

INSW isn’t the only stock passing the "Recent Price Strength" screen. There are several others worth considering, and you can use this tool to discover new candidates that fit these criteria.

Beyond this screen, Zacks offers over 45 Premium Screens tailored to different investing styles and designed to outperform the market.

Remember, the foundation of any successful stock-picking strategy is a history of delivering positive results. The Zacks Research Wizard allows you to backtest strategies and comes equipped with some of the firm’s most effective approaches.

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Read the free stock analysis report for International Seaways Inc. (INSW)

This article was originally published by Zacks Investment Research.

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