HALOZYME THERAPEUTICS INC (NASDAQ:HALO) Combines Strong Growth Momentum with Technical Breakout Setup

A systematic method for finding good investment chances joins basic growth speed with technical breakout formations. This process filters for firms displaying solid earnings speed, good estimate changes, and growing profit margins, important parts of the ChartMill High Growth Momentum Rating, while also showing good technical formations with defined entry and exit spots. Stocks that fit these requirements often show interesting chances for momentum investors looking for firms with both basic growth reasons and technically good price patterns.

High Growth Momentum Basics

HALOZYME THERAPEUTICS INC (NASDAQ:HALO) displays solid growth traits that add to its High Growth Momentum Rating of 7. The company's financial results show steady speed across different measures that are important for momentum investors searching for firms with growing business basics.

The earnings growth path shows especially good speed:

• Quarterly EPS growth rates of 69.2%, 40.5%, 53.7%, and 69.3% over the last four quarters
• Full-year EPS growth of 52.2% in the latest fiscal year
• Trailing twelve-month EPS growth of 58.4%

Sales growth supports this earnings growth with quarterly sales rises of 40.8%, 35.2%, 29.5%, and 34.3% over the same time. The company has regularly beaten analyst predictions, surpassing both EPS and sales estimates in all of the last four quarters by average amounts of 16.9% and 9.8% each. This series of good surprises often points to basic business health that analysts might be missing.

Profit measures show clear betterment, with the profit margin growing from 33.96% to 43.74% year-over-year in the latest yearly reports. Free cash flow creation has been especially notable, increasing 84.7% over the past year to $4.62 per share. Analyst view stays good, with next-year EPS estimates changed upward by 11.9% over the past three months, showing more belief in the company's growth outlook.

Technical Health and Formation Quality

The technical view for Halozyme supports the basic growth story. The stock gets a Technical Rating of 7, showing good technical condition within the wider market. While the near-term direction has turned down lately, the long-term direction stays positive, suggesting chance for betterment once short-term pressures ease.

Important technical notes include:

• The stock does better than 83% of all stocks on a yearly performance basis
• Relative strength number of 83.41 shows market leader traits
• All main moving averages (50-day, 100-day, and 200-day) are moving upward
• Present price is in the middle of its 52-week range between $42.01 and $79.50

The Setup Rating of 7 shows a consolidation formation that may offer a trading chance. Prices have been moving in a smaller range with less volatility, common of bases that often come before big moves. The technical study finds a clear resistance area between $66.44 and $67.70, with support set near $65.78 from a daily trend line.

Trading Formation Points

According to the technical study report, the present formation suggests a possible entry above $67.71, which would mean a breakout above the noted resistance area. This level works as a logical buy-stop point for traders watching for proof of new upward speed. The study suggests an exit point at $65.77, just under the closest support, making a set risk of about 2.87% on the trade.

The joining of good growth basics with a technically good formation pattern makes Halozyme a noteworthy pick for momentum investors. The company's steady earnings speed, growing profit margins, and good estimate changes give basic reason for the technical breakout possibility. While the near-term direction has softened, the long-term direction stays, and the present consolidation may show a stop within a wider upward path.

For investors searching for similar chances that join good growth basics with technically good formations, more screening results can be seen through our High Growth Momentum Breakout Setups screen. This screen methodically finds firms meeting the two needs of solid growth speed and good technical patterns.

Disclaimer: This study is for information only and does not make investment guidance, suggestion, or backing of any security. Investors should do their own study and talk with a skilled financial advisor before making investment choices. Past results are not a sign of future results, and all investments have risk including possible loss of original money.