Fortuna Mining Corp (NYSE:FSM) Fits Mark Minervini’s High-Growth Momentum Strategy with Strong Technicals and Earnings Growth

Fortuna Mining Corp (NYSE:FSM) has become a possible choice for investors using Mark Minervini’s high-growth momentum strategy. This method blends Minervini’s Trend Template, a technical system that spots stocks in strong upward trends, with key growth measures to find companies showing both price momentum and faster earnings. The two-part process aims to identify stocks with the chance for continued strong performance by looking at relative strength, earnings growth, and positive chart patterns.

Why FSM Matches the Minervini Trend Template

The Trend Template needs stocks to pass eight technical checks, confirming they are in a clear upward trend. Fortuna Mining meets these requirements:

• Price Above Important Moving Averages: FSM trades at $6.89, above its 50-day ($6.44), 150-day ($5.62), and 200-day ($5.43) moving averages, showing both short- and long-term positive trends.
• Rising Averages: The 50-day, 150-day, and 200-day MAs are all moving up, with the 50-day above the 150-day and 200-day, a key feature of Minervini’s "stacked" moving average setup.
• High Relative Strength: FSM’s ChartMill Relative Strength (CRS) score of 86.17 means it beats 86% of the market, a trait of leading stocks.
• Close to Highs: The stock is within 9% of its 52-week high ($7.55) and 78% above its 52-week low ($3.86), fitting Minervini’s rule for stocks near highs but not too stretched.

These technicals match Minervini’s focus on stocks in Stage 2 upward trends, where momentum is strongest. For more on the Trend Template, see our beginner’s guide.

High Growth Momentum Fundamentals

Beyond technicals, Minervini highlights faster earnings and revenue growth as drivers for continued price gains. FSM’s fundamentals show this:

• Strong Earnings Growth:
  • EPS grew 126.8% year-over-year (TTM), with the latest quarter up 122.2% vs. the prior year.
  • Quarterly EPS growth has sped up (70% → 85.7% → 122.2%), a sign of better profitability.
• Revenue Growth:
  • Revenue increased 26.4% (TTM), with the last quarter up 29% year-over-year.
  • Free cash flow per share jumped 628% over the past year, showing better operations.
• Wider Profit Margins:
  • Margins rose to 20.2% in the last quarter, up from 3.75% in the prior quarter, reflecting cost control and pricing strength.

These numbers meet Minervini’s standards for "superperformance" stocks—companies with faster growth that draw institutional buyers. For more on mixing growth and technicals, see our Minervini strategy breakdown.

Technical Breakout Chance

ChartMill’s technical report gives FSM a perfect 10/10 score, noting:

• A clear upward trend across all timeframes (short- and long-term trends are positive).
• Tight trading between $6.23 and $7.06, with lower volatility—a possible sign of a breakout.
• Support at $6.24–$6.44, offering a clear stop-loss level for managing risk.

The setup suggests entering above $7.07 (the 10-day high) with a stop-loss below $6.25, risking ~11.6% for a possible continuation of the upward trend. See the full technical analysis here.

Conclusion

Fortuna Mining Corp fits the Minervini strategy’s main ideas: a technically strong stock with clear momentum, supported by solid earnings and revenue growth. While past results don’t ensure future performance, FSM’s match with both trend and growth filters makes it a strong option for further review.

For more high-growth momentum ideas filtered using the Minervini method, check our predefined screen here.

Disclaimer: This analysis is for information only and not investment advice. Do your own research and consult a financial advisor before investing. Read our full disclaimer here.