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Keep an eye on the price momentum at Maxcyte Inc

26th Jun by Ben Hobson

Anyone familiar with stock market screeners will know that shares in Maxcyte Inc (LON:MXCT) have been in an uptrend in recent months, with strong relative price strength on a 1-month, 6-month and 12-month basis.

Knowing exactly what drives relative strength in share prices (as well as how to find shares with good strength) can help you find profitable trading ideas. 

GET MORE DATA-DRIVEN INSIGHTS INTO LON:MXCT »

Maxcyte Inc's (LON:MXCT) recent share price performance

In terms of relative price strength the stock has performed well against the market over the past year:

  • 1 Month: 12.1%
  • 6 Months: 98.4%
  • 12 Months: 47.9%

Why does that matter? Relative strength is a useful tool for technical traders and investors, providing an instant measure of how a stock has performed in comparison with a benchmark.

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 in to them.

Finding shares with a given relative price against your local share index is best done with a screening tool, which help you discover shares you may have never heard of.

What does this mean for potential investors?

Maxcyte Inc 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 Maxcyte Inc 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.

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