DOORDASH INC - A (NASDAQ:DASH) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company’s strong technical setup and accelerating fundamentals make it a candidate worth examining for growth-oriented investors.
Technical Strength: Meeting Minervini’s Trend Template
DASH satisfies the key technical criteria outlined in Minervini’s strategy:
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Price Above Key Moving Averages:
- Current price ($217.80) is well above the 50-day ($193.81), 150-day ($186.01), and 200-day ($174.61) moving averages.
- The 200-day MA is trending upward, confirming long-term strength.
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Strong Relative Strength:
- DASH has a ChartMill Relative Strength (CRS) score of 95.07, meaning it outperforms 95% of the market.
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Price Near 52-Week High:
- Trading within 1.4% of its 52-week high ($220.88), indicating strong momentum.
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Positive Trends:
- Both short-term and long-term trends are bullish, supported by rising moving averages.
Fundamental Growth Drivers
Beyond technicals, DASH exhibits strong fundamental growth:
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Earnings Growth:
- EPS (TTM) grew 189.8% year-over-year.
- Recent quarterly EPS surged 833.3% compared to the same quarter last year.
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Revenue Expansion:
- Revenue (TTM) increased 23.4% year-over-year.
- Quarterly sales growth remained robust at 20.7%.
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Profitability Improvement:
- Profit margins expanded to 6.4% in the latest quarter, up from 4.9% in the prior quarter.
- Free cash flow per share grew 322.7% over the past year.
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Estimate Revisions:
- Analysts have raised next-year EPS estimates by 1.1% over the last three months.
Technical Report Summary
DASH’s technical report highlights:
- A perfect 10/10 technical rating, reflecting strong price action across all timeframes.
- The stock is trading near its 52-week high with bullish momentum and solid support levels.
- While the setup rating is 4/10, indicating some volatility, the long-term trend remains favorable.
For a deeper analysis, review the full technical report.
Our High Growth Momentum + Trend Template screener lists more high-growth stocks meeting Minervini’s criteria.
Disclaimer
This is not investment advice. Always conduct your own research before making investment decisions.
