3 Reasons Momentum Stock Investors Will Love Kura Oncology (KURA)
Zacks Investment Research | Sep 12, 2017 08:59AM ET
Many investors like to look for momentum in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for momentum investors in the near term.
This method discovered several great candidates for momentum-oriented investors, but today let’s focus on Kura Oncology, Inc. (NASDAQ:KURA) as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for KURA’s status as a solid momentum stock below:
Longer Term Price Change for Kura Oncology
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. That is why looking at longer term price metrics—such as performance over the past three months or year-- and comparing these to an industry at large can be very useful.
And in the case of KURA, the results are quite impressive. The company has beaten the industry at large over the past 12 weeks by a margin of 48.4% to 4%, while it has also outperformed when looking at the past year, putting up a gain of 84.7%. Clearly, KURA is riding a bit of a hot streak and is worth a closer look by investors.
Kura Oncology, Inc. Price
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