Here's Why Momentum in Chimerix (CMRX) Should Keep going

Core Viewpoint - The sustainability of a stock trend is crucial for successful short-term investing, and various factors must be considered to maintain momentum in stock prices [1][2]. Group 1: Stock Performance - Chimerix (CMRX) has shown a significant price increase of 461.3% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 34.4% in the last four weeks, suggesting that the upward trend is still intact [5]. - CMRX is currently trading at 98.4% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - CMRX 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 [6]. - The stock has an Average Broker Recommendation of 1 (Strong Buy), reflecting high optimism from the brokerage community regarding its near-term price performance [7]. Group 3: Investment Strategy - The "Recent Price Strength" screen is a useful tool for identifying stocks with strong fundamentals that can maintain their upward trends [3]. - In addition to CMRX, there are other stocks that meet the criteria of the "Recent Price Strength" screen, providing additional investment opportunities [8].