ELBIT SYSTEMS LTD (NASDAQ:ESLT) – A High-Growth Stock Meeting Minervini’s Trend Template

ELBIT SYSTEMS LTD (NASDAQ:ESLT) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company, a leader in defense and homeland security technology, demonstrates strong technical and fundamental characteristics that make it a compelling candidate for growth-focused investors.

Why ESLT Fits the Minervini Trend Template

Minervini’s Trend Template focuses on stocks exhibiting strong uptrends, supported by key moving averages and relative strength. ESLT meets these criteria:

• Price Above Key Moving Averages: The stock is trading above its 50-day ($421.51), 150-day ($358.81), and 200-day ($325.35) moving averages, confirming a bullish trend.
• Upward-Sloping Averages: Both the 150-day and 200-day moving averages are trending upward, reinforcing long-term strength.
• Relative Strength: With a ChartMill Relative Strength score of 95.03, ESLT outperforms 95% of all stocks, a key trait of market leaders.
• Price Near 52-Week High: At $440.99, ESLT is within 7.4% of its 52-week high ($476.04), indicating strong momentum.

High Growth Fundamentals

Beyond technical strength, ESLT displays robust growth metrics:

• Earnings Growth: EPS grew 44.5% year-over-year (TTM), with recent quarterly growth at 42%.
• Revenue Growth: Sales increased 17% (TTM), with consistent quarterly beats averaging 5.6% above estimates.
• Profit Margin Expansion: Margins improved to 5.65% in the latest quarter, up from 4.66% in the prior quarter.
• Free Cash Flow Surge: FCF per share surged 967% year-over-year, reflecting strong operational efficiency.

Technical Outlook

The stock’s technical report highlights:

• A strong uptrend in both short and long-term timeframes.
• Support levels at $429.95 and $415.03, providing downside protection.
• Resistance near $454.90, with a potential breakout opportunity above this level.

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

Our High Growth Momentum + Trend Template screener lists more stocks with similar characteristics, updated daily.

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