For investors looking to join solid fundamental growth with well-timed technical entries, a layered screening method can be very useful. One such process involves selecting for stocks that display three important traits: a high growth momentum profile, sound technical health, and a favorable price setup. This method tries to find companies that are not only seeing quickening business fundamentals but are also situated in the market for a possible extension of their upward move. A stock that recently appeared from this kind of scan is BARRICK MINING CORP (NYSE:B).
Evaluating the High Growth Momentum Profile
The High Growth Momentum Rating combines different short-term earnings and sales momentum factors into one score. For growth-oriented methods like CANSLIM, this rating helps find companies where business acceleration is most clear. Barrick Mining Corp receives a rating of 6, pointing to a firm growth profile that deserves more review. This score is backed by several strong fundamental measures:
- Outstanding Earnings Growth: The company has shown forceful year-over-year earnings per share (EPS) growth. Over the last twelve months (TTM), EPS increased by 92.1%. Even more notable, the latest quarter saw EPS rise 121.3% against the same quarter last year.
- Firm Sales Increase: Revenue growth has matched this, with TTM sales up 31.2% and last quarter's sales growing 62.9% year-over-year.
- Margin Improvement: A main sign of operational efficiency and pricing strength is growing profit margins. Barrick's quarterly profit margin has shown steady gain, moving from 15.1% three quarters ago to 40.1% in the latest report. This pattern of improving margins meaningfully adds to the high growth momentum score.
- Positive Analyst Revisions: Forward estimates are increasing, with the average EPS estimate for the next fiscal year adjusted upward by 18.2% over the past three months. Such revisions frequently come before continued good performance.
These elements together create an image of a company in a forceful growth stage, which is the basic filter for momentum investors. The quickening in earnings, sales, and margins indicates the company is performing well in its present operating setting.
Technical Soundness and Market Situation
While firm fundamentals are vital, the market's view of those fundamentals is shown in the price action. According to the detailed technical report, Barrick Mining Corp holds a sound Technical Rating of 9 out of 10. This very high score shows excellent technical condition across several time periods.
Important technical positives include:
- Long-Term Upward Move Firm: The long-term trend is seen as positive, and the stock has done better than 96% of all other stocks over the previous year.
- Firm Moving Average Backing: The stock is trading above its important rising moving averages (50-day, 100-day, and 200-day), which often serve as dynamic support points in a sound trend.
- Leading Position: Its high relative strength ranking verifies it has been a market frontrunner, a key idea for momentum investing.
A Favorable Price Setup
A high growth profile and firm trend are not independent buy signals; a careful entry point is necessary. This is where the Setup Quality Rating becomes important. Barrick presently has a Setup Rating of 7, pointing to a reasonable consolidation pattern that has developed. The technical report states that prices have been moving in a range between about $43.75 and $54.69 over the past month and are now close to the lower part of that range.
This consolidation inside a longer-term upward move allows for the spotting of clear risk management points. The report spots a major support area between $43.55 and $45.34, created by a combination of trendlines and moving averages. For a trader, this gives a sensible area to set a stop-loss order, outlining the trade's risk. The existence of this setup implies the stock may be tightening before its next possible move, giving a more calculated entry compared to buying a stock at new peaks.
Summary
Barrick Mining Corp shows a situation where strong fundamental momentum meets a technically sound chart pattern. Its high scores in earnings growth, margin improvement, and analyst revisions meet the central requirements for growth momentum methods. At the same time, its excellent technical rating verifies the market has been valuing this performance, and the present consolidation phase gives a clear setup for possible entry. This mix is exactly what the screening process aims to find: fundamentally firm companies in a place for their next technical step upward.
Find More Possible Setups
The filter that found Barrick Mining Corp is made to sort the market for similar chances. You can run this filter yourself to locate other stocks with firm High Growth Momentum, Technical, and Setup Ratings. View the present results and run the filter here.
Disclaimer: This article is for informational and educational reasons only. It does not form investment advice, a suggestion, or an offer to buy or sell any security. The analysis is based on given data and should not be the only foundation for any investment choice. Investing includes risk, including the possible loss of principal. Always do your own research and think about talking with a qualified financial advisor before making any investment choices.
