Despite the market volatility, shares in Veritone Inc (NMQ:VERI) 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...
How has the Veritone Inc (NMQ:VERI) share price performed?
In terms of relative price strength the stock has performed well against the market over the past year:
- 1 Month: 102.5%
- 6 Months: 602.5%
- 12 Months: 105%
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.
Veritone 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.
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