Relative Strength Alert: Will the Zur Rose Ag (SWX:ROSE) share price keep rising?
Despite the market volatility, shares in Zur Rose Ag (SWX:ROSE) 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 Zur Rose Ag (SWX:ROSE) share price performed?
Zur Rose Ag operates in the Drug Retailers industry and in terms of relative price strength the stock has performed well against the market over the past year:
- 1 Month: 11.6%
- 6 Months: 137.3%
- 12 Months: 113%
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?
Zur Rose AG 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 Zur Rose AG that you can find out about here.
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