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HALOZYME THERAPEUTICS INC (NASDAQ:HALO) Shows Strong Growth Momentum and Technical Breakout Potential

By Mill Chart

Last update: Jul 30, 2025

Investors looking for high-growth momentum stocks with strong technical setups often focus on companies showing faster earnings growth, wider profit margins, and rising analyst estimates, all while displaying positive chart patterns. The ChartMill High Growth Momentum (HGM) Rating combines these key growth measures, while the Technical and Setup Ratings assess price movement, trend stability, and consolidation strength. HALOZYME THERAPEUTICS INC (NASDAQ:HALO) fits these conditions, earning a 6 in HGM, a 7 in Technical Rating, and an 8 in Setup Quality, indicating it could be ready for a possible upward move.

HALOZYME THERAPEUTICS INC

Fundamental Growth Momentum

HALO’s growth numbers match the key points checked in the HGM Rating:

  • Earnings & Revenue Growth: The company posted a 46.8% year-over-year EPS rise and 25.7% revenue growth (TTM), with recent quarterly EPS growth speeding up (40.5% in the latest quarter vs. 53.7% and 69.3% in earlier quarters).
  • Profit Margins: Despite small quarterly changes, HALO keeps strong profitability, with a trailing 12-month net margin of 43.7%, up from 34.0% the previous year.
  • Estimate Revisions: Analysts have lifted next-year EPS estimates by 6.3% over the past three months, showing confidence in future results.
  • Consistent Surprises: HALO has topped both EPS and revenue estimates in each of the last four quarters, with average EPS surprises of 16.5%.

These elements give it an HGM Rating of 6, pointing to steady momentum. While not as rapid as some high-growth tech stocks, HALO’s reliable growth, margin improvement, and consistent performance make it a choice for investors following CANSLIM or Minervini-style strategies.

Technical Strength & Setup Quality

The technical analysis report notes HALO’s positive chart setup:

  • Trend Health: Both short- and long-term trends are upward, with the stock trading near the top of its recent range ($51.78,$59.49).
  • Support/Resistance: A clear resistance level sits at $59.06, with support between $56.66 and $57.81. A move above resistance could signal more gains.
  • Consolidation: The Setup Rating of 8 reflects a narrowing price range and a recent "pocket pivot" signal—a bullish volume/price pattern indicating buying interest.
  • Relative Performance: HALO beats 65% of biotechnology peers but trails the broader market (S&P 500), leaving space for improvement.

Why This Combination Matters

High-growth momentum strategies work best when strong fundamentals align with technical breakouts. HALO’s improving earnings path and tightening price action suggest a possible turning point. The stock’s consolidation near resistance, along with rising estimate revisions, matches patterns seen in successful momentum trades.

For investors searching for similar opportunities, the High Growth Momentum Breakout Setups screen finds stocks with matching growth and technical traits.

Disclaimer: This analysis is not investment advice. Do your own research or consult a financial expert before making decisions.