AMER SPORTS INC (NYSE:AS) – A Strong Growth Candidate Meeting Minervini’s Trend Template

AMER SPORTS INC (NYSE:AS) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company, which specializes in sports equipment and apparel, demonstrates strong technical and fundamental characteristics that make it a compelling candidate for growth-focused investors.

Why AS Fits the Minervini Trend Template

Minervini’s Trend Template is designed to identify stocks in strong uptrends with favorable risk/reward setups. AS meets several key criteria:

• Price Above Key Moving Averages: The stock is trading above its 50-day ($25.95), 150-day ($25.80), and 200-day ($22.77) moving averages, confirming a bullish trend.
• Upward-Sloping Moving Averages: Both the 150-day and 200-day MAs are trending upward, reinforcing long-term strength.
• Relative Strength: With a ChartMill Relative Strength score of 96.39, AS outperforms nearly 96% of all stocks, indicating strong momentum.
• Price Near 52-Week High: At $31.29, AS is within 8% of its 52-week high ($34.00), a sign of sustained upward momentum.
• Significant Price Appreciation: The stock is up 93.7% over the past year and 61.9% over the last six months, highlighting strong investor interest.

High Growth Fundamentals

Beyond technical strength, AS exhibits robust growth fundamentals:

• Earnings Growth: EPS (TTM) surged 133.6% year-over-year, while quarterly EPS growth accelerated by 312.5%.
• Revenue Expansion: Sales grew 18.3% over the past year, with consistent quarterly revenue increases.
• Profitability Improvement: The company’s profit margin expanded to 0.94% in the latest quarter, up from negative figures in prior years.
• Positive Earnings Surprises: AS has beaten EPS estimates in 3 of the last 4 quarters, with an average beat of 117.4%.

Technical Outlook

The technical report assigns AS a perfect 10/10 rating, citing its strong uptrend, high relative strength, and consistent performance. However, the setup rating is 2/10, suggesting the stock may be extended in the short term. Key support levels are at $23.39 (weekly trendline) and $22.52 (daily trendline), which could serve as potential entry points on a pullback.

For a deeper analysis, review the full technical report for AS.

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

Disclaimer

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