Anyone familiar with stock market screeners will know that shares in Biondvax Pharmaceuticals (NAQ:BVXV) have been in an uptrend in recent months, with strong relative price strength on a 1-month, 6-month and 12-month basis.
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.
How has the Biondvax Pharmaceuticals (NAQ:BVXV) share price performed?
In terms of relative price strength the stock has performed well against the market over the past year:
This is important because 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.
Studies by leading experts on momentum show that stocks with the strongest price strength tend to keep up the pace for anywhere up to one year, as investors increasingly buy into them.
Biondvax Pharmaceuticals is currently among the stocks with the strongest six-month and one-year relative price strength in the market. A look at its StockReport could offer more insight into what’s driving the momentum in its share price - and whether that might continue.
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