ChromaDex (CDXC) Is a Great Choice for 'Trend' Investors, Here's Why

Core Viewpoint - The article emphasizes the importance of identifying sustainable trends in short-term investing, highlighting that while price momentum can be profitable, it requires strong fundamentals to maintain that momentum [1][2]. Group 1: Stock Performance - ChromaDex (CDXC) has shown a significant price increase of 103.9% over the past 12 weeks, indicating strong investor interest [4]. - The stock has also increased by 72.9% in the last four weeks, suggesting that the upward trend is still intact [5]. - CDXC is currently trading at 91% of its 52-week high-low range, indicating a potential breakout [5]. Group 2: Fundamental Strength - CDXC holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% 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]. - Historically, Zacks Rank 1 stocks have generated an average annual return of +25% since 1988, showcasing the effectiveness of this ranking system [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 momentum [3]. - In addition to CDXC, there are other stocks that meet the criteria of the "Recent Price Strength" screen, suggesting further investment opportunities [8]. - The Zacks Research Wizard allows investors to backtest stock-picking strategies, enhancing the likelihood of selecting profitable stocks [9].