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

AMER SPORTS INC (NYSE:AS) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company, known for its 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

The Minervini Trend Template focuses on stocks exhibiting strong uptrends and momentum. AS meets all key technical criteria:

• Price Above Key Moving Averages: The stock trades above its 50-day ($28.97), 150-day ($27.94), and 200-day ($24.99) moving averages, confirming a bullish trend.
• Rising 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 97.56, AS outperforms nearly 98% of the market.
• Price Near 52-Week High: At $37.84, AS is within 2% of its 52-week high ($38.51), indicating strong momentum.
• Volatility Contraction Pattern (VCP): The stock shows consolidation with decreasing volatility, suggesting a potential breakout.

High Growth Fundamentals

Beyond technical strength, AS displays robust growth metrics:

• Earnings Growth: EPS surged 237.5% year-over-year in the latest quarter, with TTM EPS growth at 182.4%.
• Revenue Growth: Quarterly sales rose 24.5%, with full-year revenue growth at 17.8%.
• Profit Margins: The latest quarter’s profit margin stands at 0.94%, showing improvement from prior periods.
• Estimate Beats: AS has beaten EPS estimates in 3 of the last 4 quarters by an average of 117.4%.

Technical Outlook

According to ChartMill’s technical report, AS scores a perfect 10 in technical rating, supported by:

• Strong short and long-term uptrends.
• A bull flag pattern, suggesting a potential continuation of the rally.
• Support at $36.37, providing a clear stop-loss level.

For a deeper technical breakdown, review the full technical analysis report.

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

Disclaimer

This is not investment advice. Always conduct your own research before making financial decisions.