Equity Focus: Looking Closer at Shares of Chimerix, Inc. (NASDAQ:CMRX)

Taking a quick look at the historical performance of Chimerix, Inc. (NASDAQ:CMRX) shares, we have noted that the stock price for the previous week is -5.98%. Looking back over the past month, company shares are -27.39%. For the past quarter, shares have performed -39.89%. Going further back to the beginning of the calendar year, company shares are -14.40%. If we scroll back to the full year reading, shares have performed -55.38%. Investors may be trying to decide if it is a good time to get into a particular stock, or whether to exit a position that has turned sour. Whatever the case, outperforming the market is on the minds of many dedicated equity market enthusiasts.

As we close in on the end of the calendar year, investors may be trying to visualize potential trades for the New Year. There are many professionals that believe that there is still plenty of room for stocks to run even at current levels. Preparing the game plan for the next few quarters may give the investor some new ideas. Staying focused and maintaining discipline may help guide the investor to unchartered territory in the coming months. Tracking market events from multiple angles may also help provide some enhanced perspective.

Shares of Chimerix, Inc. (NASDAQ:CMRX) have been recently spotted trading -62.59% off of the 52-week high price. On the other end, company shares have been noted 6.82% away from the low price over the last 52-weeks. Switching over to some distances from popular moving averages, we see that the stock has been recorded -42.32% away from the 200 day moving average. Moving closer, we can see that shares have been trading -11.46% off of the 20-day moving average. Investors may be closely following the current stock price in relation to moving averages. This may assist with figuring out if a breakout or reversal could be in the cards. Knowing when to ride the surge rather than stay on the sidelines, can be a difficult decision even for veteran investors.

Focusing on some other company information, we can see that Chimerix, Inc. (NASDAQ:CMRX) has a beta of 1.41. Beta indicates the tendency of a stock’s returns to respond to market swings. A beta of 1 indicates that the stock price moves with the market. A beta under 1 indicates that the stock is less volatile than the market in theory. A beta value over one would indicate the opposite. In terms of volatility, shares have been noted at 8.58% for the week, and 7.22% for the past month. Investors often keep a close eye on any irregular stock volume. Traders and technical analysts have the ability to use volume to help measure the strength of a particular move. Investors may also view volume levels when the stock price is nearing significant support or resistance levels, in order to confirm a breakout in either direction.

We can now shift our focus to some alternate company data on shares of Chimerix, Inc. (NASDAQ:CMRX). The stock has a current ATR of 0.18. When applying indicators for technical analysis, traders and investors may choose to examine the ATR or average true range. The ATR measures the volatility of a stock on a day-to-day basis. The average true range is typically based on 14 periods and may be calculated daily, weekly, monthly, or intraday. The ATR is not considered a directional indicator, but it may reflect the strength of a particular move. As we move into the second half of the year, investors may be looking to jumpstart their portfolios. Many equity investors may be wondering if the stock markets will find renewed energy and continue higher, or if a major correction is on the horizon.

Investors have plenty to keep up with when following day to day business news. Sifting through the headlines can be cumbersome, and figuring out which data to pay attention to can be very time consuming. News events can play a big role in the investing world. Big news has the ability to push a stock up or down. Sometimes the move may be justified, and other times it may not be. Disciplined investors are usually skilled at determining which information to focus on. Overreactions can play a large role in determining the long-term health of a portfolio. Investors often have to understand that a great stock can see periods of decline just as a weak stock may experience periods of strength. Putting in the research hours can help the investor prepare for opportunities when they spot unusual action in the stock market.