FUTU HOLDINGS LTD-ADR (NASDAQ:FUTU) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company, which provides digitalized financial services, demonstrates strong technical and fundamental characteristics, making it a candidate for further analysis by growth-focused investors.
Why FUTU Fits the Minervini Trend Template
Minervini’s strategy focuses on stocks in strong uptrends with clear technical strength. FUTU meets these criteria:
Price Above Key Moving Averages: The stock trades at $123.13, well above its 50-day ($109.31), 150-day ($100.15), and 200-day ($98.47) moving averages.
Upward-Trending Averages: The 50-day, 150-day, and 200-day moving averages are all rising, confirming sustained momentum.
Relative Strength: With a ChartMill Relative Strength score of 94.85, FUTU outperforms nearly 95% of stocks in the market.
Proximity to 52-Week High: The stock is trading within 6% of its 52-week high ($130.88), indicating strong bullish momentum.
Volatility Contraction Pattern (VCP): The technical report notes a consolidation phase with reduced volatility, suggesting a potential breakout opportunity.
High Growth Fundamentals
FUTU’s financial performance supports its growth trajectory: