For investors looking to join solid fundamental growth with well-timed technical entry points, a multi-factor screening method can be especially effective. By selecting for stocks that show strong earnings momentum, good technical condition, and a helpful price consolidation, the plan tries to find chances where fundamental power matches a positive chart formation. This technique joins the ideas of growth investing with technical rules, searching for firms that are not only growing quickly but are also set for a possible price move higher.
BARRICK MINING CORP (NYSE:B) comes from such a screen, showing a clear meeting of these conditions. The firm's standing as a large worldwide producer of gold and copper puts it in the cyclical metals and mining industry, which has had a major comeback.
Fundamental Growth Momentum
The stock's attraction for growth momentum investors is based on a sharp rise in its financial results. The given numbers show a company in a strong rise in profit and cash creation.
- Earnings Increase: The most notable numbers are in earnings per share (EPS) growth. The company reported a 72.2% rise in EPS over the past twelve months (TTM). This rise is even stronger on a quarterly basis, with the newest quarter showing a 93.3% year-over-year gain. Experts expect this momentum to keep going, with guesses for the next quarter predicting 97.4% growth.
- Profit Margin Growth: A main idea of the high-growth momentum method is growing profitability, and Barrick shows this. The profit margin has grown notably, from 11.2% in the last fiscal year to 16.6% in the most recent reported year. The newest quarterly profit margin of 31.4% hints this growth is speeding up.
- Cash Flow Power: Free cash flow per share has grown greatly, with growth over 564% in the past year. This strong cash creation gives financial room and is a sign of a fundamentally sound business.
- Estimate Changes: Positive expert feeling supports the growth story, with the average EPS guess for the next fiscal year moved up by over 10% in the last three months.
This mix of high growth rates, margin growth, and positive expert changes adds to the stock's High Growth Momentum Rating of 7, showing it fits the main fundamental conditions wanted by momentum investors.
Technical Condition and Setup Quality
While fundamental momentum finds what to buy, technical study can help decide when. Barrick's chart shows very good technical condition, as listed in its full technical report.
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Very Good Technical Rating: The stock gets a top Technical Rating of 10. This number shows a steady and strong upward move across all time periods. Main good points include:
- Both long-term and short-term trends are rated positive.
- The stock is trading near a new 52-week high and does better than 97% of the whole market on a yearly performance basis.
- It is trading well above its main moving averages (20, 50, 100, and 200-day), which are all in rising setups.
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Helpful Setup Pattern: Maybe more important for entry timing is the Setup Rating of 7. This shows the stock is coming out of a consolidation phase, offering a possible breakout chance. The technical report states that prices have been consolidating inside a range over the past month, forming a base of support. Quite recently, a "Pocket Pivot" signal was seen—a price/volume pattern often a sign of buying by larger investors—adding another positive technical note. The setup hints at set support levels below the current price and little close overhead resistance.
A Meeting Chance
The argument for Barrick Mining Corp here depends on the matching of these two stories. The fundamental story is one of a cyclical business entering a strong rise, with earnings and cash flow growing at a special speed. At the same time, the technical view shows a stock in a confirmed, strong upward move that has stopped to consolidate its gains, making a pattern that often comes before the next step up. For an investor using a high-growth momentum plan with a view on technical entries, this meeting is the main point of interest.
This mix of high growth momentum and technical setup is not limited to one stock. Investors can screen for similar chances using the set conditions.
Find more stocks that fit this High Growth Momentum Breakout plan by checking the set screen.
Disclaimer: This article is for information only and does not make investment advice, a suggestion, or an offer or request to buy or sell any securities. The study is based on given data and shows conditions at a specific time. All investing has risk, including the possible loss of principal. Past results do not show future results. You should do your own study and talk with a qualified financial advisor before making any investment choices.
