Recent Price Trend in ChromaDex (CDXC) is Your Friend, Here's Why

Core Viewpoint - The article emphasizes the importance of identifying and sustaining trends in short-term investing, highlighting that sound fundamentals and positive earnings estimates are crucial for maintaining momentum in stock prices [1]. Group 1: Stock Performance - ChromaDex (CDXC) has shown a significant price increase of 122.6% over the past 12 weeks, indicating strong investor interest and potential upside [3]. - The stock has also experienced a price increase of 116.8% over the last four weeks, suggesting that the upward trend is still intact [4]. - CDXC is currently trading at 97.3% of its 52-week high-low range, indicating a potential breakout opportunity [4]. Group 2: Fundamental Strength - CDXC holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate revisions and EPS surprises, which are key indicators of near-term price movements [5]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term performance [6]. Group 3: Investment Strategy - The article suggests that investors can utilize the "Recent Price Strength" screen to identify stocks like CDXC that are on an upward trend supported by strong fundamentals [2]. - There are over 45 Zacks Premium Screens available for investors to choose from, tailored to different investing styles and aimed at outperforming the market [7].