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Finding stocks with the potential to break-out as their popularity grows is a strategy used by some of the world’s most successful traders.
Knowing what drives relative strength in share prices can help you find profitable momentum trades...
How has the Gear4music Holdings (LON:G4M) share price performed?
In terms of relative price strength the stock has performed well against the market over the past year:
Relative strength is a useful tool in the armoury of technical traders and investors. It’s an instant measure of how a stock has performed in comparison with a benchmark.
And while there are no certainties about which way a stock will move next, research shows that price trends like this often persist.
What does this mean for potential investors?
Gear4music Holdings is currently among the stocks with the strongest six-month and one-year relative price strength in the market. But momentum on its own is no guarantee of future returns.
To get a better idea about whether this momentum will continue, it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with Gear4music Holdings that you can find out about here.
Alternatively, if you'd like to find more shares with strong price momentum, you can find them on this Positive Momentum screen.