According to Zacks Equity Research it is. Find out if this company is the right fit for your portfolio.
A solid price increase over a period of 12 weeks reflects investors’ continued willingness to pay more for the potential upside in a stock. OCSL is quite a good fit in this regard, gaining 9% 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 4.9% over the past four weeks ensures that the trend is still in place for the stock of this specialty finance company.
Moreover, OCSL is currently trading at 98.2% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.nasdaq.com