ALPHABET INC-CL C (NASDAQ:GOOG) – A Strong Growth Stock with Technical Breakout Potential

ALPHABET INC-CL C (NASDAQ:GOOG) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamental growth metrics with a promising chart pattern, making it worth a closer look.

Fundamental Strengths

• Growth: GOOG has demonstrated strong earnings growth, with EPS increasing by 37.58% over the past year and revenue growing at 13.07%. Future estimates suggest continued growth, with EPS expected to rise by 15.11% annually.
• Profitability: The company boasts a Return on Equity (ROE) of 32.15% and a Profit Margin of 30.86%, outperforming most peers in the Interactive Media & Services industry.
• Financial Health: With an Altman-Z score of 11.47 and minimal debt reliance (Debt/Equity of 0.04), GOOG maintains a strong balance sheet.

Technical Setup

• Consolidation Pattern: The stock has been trading in a range between $148.40 and $168.24 recently, with potential support near $154.04. A breakout above resistance at $161.60-$166.06 could signal further upside.
• Volume Increase: Recent trading activity shows higher volume, indicating growing investor interest.
• Setup Rating: The stock earns a 7/10 on our technical setup scale, suggesting a possible entry opportunity.

Why This Combination Matters

GOOG’s strong fundamentals provide a solid foundation, while the technical setup hints at a potential near-term price move. Investors looking for growth stocks with a favorable risk-reward profile may find this combination appealing.

For more stocks with similar characteristics, check our Strong Growth Stocks with Good Technical Setup Ratings.

For a deeper dive into GOOG’s fundamentals, review the full fundamental report.

Disclaimer

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