First Majestic Silver Corp (NYSE:AG) Screens as High-Growth Momentum Leader

First Majestic Silver Corp (NYSE:AG) has recently appeared through a screening method that joins Mark Minervini's strict Trend Template with a concentration on High Growth Momentum. This method aims to find equities that are not only in strong technical uptrends but also show the fundamental traits of companies with fast growth. The strategy favors stocks showing better price performance, high relative strength, and agreement of important moving averages, while also needing proof of solid and getting better financial numbers like earnings and revenue growth.

Meeting the Minervini Trend Template

The foundation of this screening process is the Minervini Trend Template, a group of technical rules made to find stocks in confirmed, sustainable uptrends. First Majestic Silver Corp meets these conditions, pointing to strong technical health.

• Price Above Key Moving Averages: AG's current price trades well above its rising 50-day, 150-day, and 200-day simple moving averages. This agreement confirms positive momentum across short, intermediate, and long-term timeframes.
• Moving Average Agreement: The 50-day moving average is placed above both the 150-day and 200-day averages, and the 150-day average itself is above the 200-day average. This sequential order is a classic sign of a sound, multi-stage uptrend.
• Proximity to Highs: The stock is currently trading within 25% of its 52-week high, a key Minervini rule that suggests the stock has strong momentum and is likely a leader in its sector.
• Strong Relative Strength: With a ChartMill Relative Strength (CRS) rating of 94.12, AG is doing better than 94% of all stocks in the market. Minervini states that true market leaders show high relative strength, often rising before the wider market.

Fundamentals Supporting High Growth Momentum

Beyond the technical view, the screen selects for companies with a High Growth Momentum (HGM) rating, concentrating on fundamental acceleration. First Majestic Silver Corp shows several strong growth traits.

• Explosive Earnings Growth: The company has reported very high year-over-year earnings per share (EPS) growth for the trailing twelve months (TTM) of 145%. Even more notable is the sequential speeding up in recent quarters, with the latest quarter showing a 157% increase compared to the same quarter a year before.
• Solid Revenue Expansion: Revenue growth has also been strong, with TTM revenue up 61.3%. The most recent quarter saw sales jump 94% year-over-year, pointing to a major speeding up in the business's top-line performance.
• Improved Profitability: After a time of difficulties, the company's profitability has recovered strongly. The profit margin for the last reported quarter was 19.9%, a large improvement from the small 0.9% margin in the previous quarter. This suggests good cost control and operational efficiency as revenues increase.

These fundamental gains are important, as Minervini's strategy states that "big earnings attract big attention." Major positive surprises and speeding up growth are often the drivers that bring institutional investment, supporting further price gains.

Technical Structure and Considerations

According to the detailed technical analysis report for AG, the stock has a perfect rating of 10 out of 10, reflecting its strong trend. The long-term and short-term trends are both positive, and the stock is making new 52-week highs. Volume has been noticeably higher in recent days, confirming institutional interest in the move.

However, the report also states that the setup quality rating is currently low. This points out that after a strong upward move, the stock may be overstretched in the short term and is not in an immediate consolidation phase good for a new entry based on a volatility contraction pattern (VCP). While the long-term trend is strong, investors should be aware of the current price level and think about waiting for a possible decline or time of consolidation to establish a position with a better risk/reward profile. The analysis finds several important support levels below the current price, which could act as possible areas for future entries.

For a full breakdown of the technical picture, including support and resistance levels, you can review the full technical analysis report for AG.

Finding Similar Opportunities

First Majestic Silver Corp is an example of the kind of opportunity this joined screening method tries to find: a company with a strong technical trend supported by speeding up fundamental growth. Investors interested in finding other stocks that currently meet these strict rules can check the screen directly.

Click here to view the current results of the High Growth Momentum + Trend Template screen.

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Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice of any kind. The information provided should not be used as the sole basis for making any investment decision. Always conduct your own due diligence and consult with a qualified financial advisor before investing. Past performance is not indicative of future results.