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Relative Strength Alert: Will the Altimmune Inc (NMQ:ALT) share price keep rising?

Ben Hobson

Despite the market volatility, shares in Altimmune Inc (NMQ:ALT) have been in an uptrend in recent months. The question now for investors is whether that price strength will continue.

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...

GET MORE DATA-DRIVEN INSIGHTS INTO NMQ:ALT »

How has the Altimmune Inc (NMQ:ALT) share price performed?

Altimmune Inc operates in the Biotechnology & Medical Research industry and in terms of relative price strength the stock has performed well against the market over the past year:

  • Month: 159.5% 
  • 6 Months: 439.1% 
  • 12 Months: 218.1%

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.

Next steps

Altimmune Inc 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.

To find more stocks like Altimmune Inc, you'll need to equip yourself with professional-grade data and screening tools. This kind of information has traditionally been closely guarded by professional fund managers. But our team of financial analysts have carefully constructed this screen - Stockopedia’s Price Momentum - which gives you everything you need. So why not come and take a look?