ADAPTIVE BIOTECHNOLOGIES (NASDAQ:ADPT) – A Strong Growth Candidate Meeting Minervini’s Criteria

ADAPTIVE BIOTECHNOLOGIES (NASDAQ:ADPT) has been identified by our stock screener as a high-growth momentum stock that also aligns with Mark Minervini’s Trend Template. The company, which focuses on immune medicine and diagnostics, shows strong technical and fundamental traits that could appeal to growth-oriented investors.

Why ADPT Fits the Minervini Trend Template

Minervini’s strategy emphasizes stocks in strong uptrends with clear technical strength. ADPT meets these criteria:

• Price Above Key Moving Averages: The stock is trading above its 50-day ($7.91), 150-day ($6.88), and 200-day ($6.30) moving averages, confirming a bullish trend.
• Rising Moving Averages: The 200-day MA is trending upward, reinforcing long-term strength.
• Relative Strength: With a ChartMill Relative Strength (CRS) of 98.28, ADPT outperforms nearly all stocks in the market.
• Price Near 52-Week High: At $9.51, ADPT is within 7.5% of its 52-week high ($10.28), indicating strong momentum.
• Significant Gain from Low: The stock is up 163% over the past year, well above the 30% threshold Minervini looks for.

High Growth Momentum Fundamentals

Beyond technicals, ADPT exhibits strong growth metrics:

• Revenue Growth: Quarterly sales growth (Q2Q) stands at 25.24%, with consistent beats on revenue estimates (4 out of last 4 quarters).
• Earnings Momentum: EPS growth (Q2Q) is 39.39%, with an average EPS beat of 19.72% over the past four quarters.
• Improving Margins: While still unprofitable, the company has shown a 26.72% improvement in EPS over the past year.
• Analyst Revisions: Both EPS and revenue estimates for the next year have been revised upward by 1.73% in the last three months.

Technical Outlook

According to ChartMill’s technical report, ADPT scores a perfect 10 on technical health, supported by strong short- and long-term trends. However, the setup rating of 3 suggests the stock may need a consolidation phase before offering an ideal entry point. Key support levels are at $7.20 and $6.65-$6.67.

Our High Growth Momentum + Trend Template screener lists more stocks with similar growth and trend characteristics.

Disclaimer

This is not investment advice. The observations are based on current data, but investors should conduct their own research before making decisions.