CASELLA WASTE SYSTEMS INC-A (NASDAQ:CWST) – A High Growth Momentum Stock with Strong Technical Setup

CASELLA WASTE SYSTEMS INC-A (NASDAQ:CWST) has been identified as a high-growth momentum stock with a favorable technical setup. The company, a provider of solid waste management services, demonstrates strong earnings momentum alongside a consolidating price pattern that may present an opportunity for investors.

Growth Momentum Highlights

• Earnings Growth: CWST posted a remarkable 2000% year-over-year EPS growth in the most recent quarter, with the prior quarter also showing strong growth at 215.4%.
• Revenue Growth: Sales increased by 22.3% in the latest quarter, maintaining consistent growth over recent periods.
• Analyst Revisions: EPS estimates for the next year have been revised upward by 15.8%, indicating improving expectations.
• Free Cash Flow Growth: FCF per share grew by 30.8% over the past year, reinforcing financial health.

Technical Strength

• Technical Rating (7/10): CWST has shown resilience, outperforming 82% of stocks over the past year. The stock is trading in the upper half of its 52-week range, aligning with broader market trends.
• Setup Quality (8/10): The stock is consolidating within a defined range ($109.12 - $121.24), with reduced volatility suggesting a potential breakout opportunity.
• Support & Resistance: Key support lies between $111.75 and $113.65, while resistance sits near $118.50 to $120.37. A breakout above resistance could signal further upside.

For a deeper technical assessment, review the full technical report for CWST.

Our High Growth Momentum Breakout Setups Screen lists more stocks with similar characteristics and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on data available at the time of writing. Always conduct your own research before making investment decisions.