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 exhibiting a favorable technical setup. The company combines solid fundamental growth metrics with improving price action, making it a candidate worth further examination.

Fundamental Strengths

• Growth: GOOG has demonstrated strong earnings growth, with EPS increasing by 29.29% 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 earns a 9/10 Profitability Rating, supported by high margins (33.15% operating margin) and strong returns on capital (ROIC of 26.71%).
• Financial Health: With an 8/10 Health Rating, GOOG maintains a solid balance sheet, low debt (Debt/Equity of 0.04), and ample liquidity.

Technical Setup

• Bull Flag Pattern: The stock is currently forming a bull flag, a continuation pattern that often precedes further upside.
• Support Levels: Key support exists near $163, providing a potential entry point with a clear stop-loss level below.
• Short-Term Trend: The stock’s short-term trend is positive, while the long-term trend remains neutral but improving.

For a deeper dive into the fundamentals, review the full fundamental report. The technical analysis report provides additional insights on price action and key levels.

Our Strong Growth Stocks with Good Technical Setup screener lists more stocks meeting these criteria and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.