IDAHO STRATEGIC RESOURCES INC (NYSEARCA:IDR) Shows Strong Growth and Positive Technical Setup

Our screening method finds companies with good fundamental growth traits paired with positive technical alignment. By needing a High Growth Momentum Rating above 4, we focus on firms showing quickening earnings and sales momentum, favorable estimate changes, and growing profit margins. At the same time, we select for a Technical Rating above 7 to confirm the stock is in a positive trend and a Setup Rating above 7 to find stocks forming a base before a possible price move. This dual method aims to find fast-growing companies at good technical starting points.

IDAHO STRATEGIC RESOURCES INC (NYSEARCA:IDR) offers a strong example of this method working, now showing both good growth basics and a positive technical state.

High Growth Momentum Basics

IDAHO STRATEGIC RESOURCES INC receives a High Growth Momentum Rating of 6, showing good core growth measures that are important for investors who focus on earnings speed and positive surprises. The company's basic strength is clear in a few main areas.

• Strong Annual Growth: The company has shown good year-over-year increase, with EPS (TTM) growth of 69.2% and revenue growth of 59.6%.
• Good Quarterly Sales Momentum: Recent quarterly sales growth stays positive, with the last quarter showing a 54.7% rise compared to the same quarter last year.
• Notable Cash Flow Generation: Free Cash Flow per share has grown by over 408% in the past year, showing good operational health and money management.
• Major Margin Improvement: The profit margin in the last reported full year grew significantly to 34.3%, up from 8.5% in the year before, showing better operational control and pricing ability.
• Positive Earnings Surprises: The company has exceeded EPS estimates in two of the last four quarters and revenue estimates in three of the last four, with an average revenue beat of almost 5%.

These measures together show a company in a strong growth period, a main idea of the high growth momentum plan. The mix of good sales growth, rising profitability, and positive earnings surprises forms the basic engine that momentum investors look for.

Technical Quality and Setup Condition

From a chart-based view, IDR matches the plan's need for stocks in positive trends with set risk measures. The stock gets a good Technical Rating of 7, confirming its place as a market leader with a positive longer-term direction.

A closer review of the technical analysis shows several supporting details. The long-term direction is rated as positive, and the stock's yearly performance puts it in the top 4% of all stocks, doing better than 83% of similar companies in the Metals & Mining industry. While the short-term direction has become neutral and the stock is trading near the bottom of its recent price band, this has helped create a good-quality setup, which has a Setup Rating of 7.

The technical report points out a clear base pattern, which is needed for finding careful entry spots. Price swings have lessened lately, and a defined support area has formed between $31.59 and $31.68, made from a mix of important moving averages and trend lines. This gives a sensible level for setting a stop-loss order. With close resistance seen at $33.29, a price move above this point could show the longer-term positive trend starting again.

A Combined Chance

IDAHO STRATEGIC RESOURCES INC shows a joining of good fundamental growth and a technically positive chart formation. For high growth momentum investors, the company's fast EPS and revenue growth, margin improvement, and record of exceeding estimates give the basic reason for investment. The chart-based view supports this by displaying a stock that has been a good market performer and is now forming a base, giving a possible starting point with a clear support level to handle risk. This link between fundamental momentum and technical setup is exactly what our screening method is made to find.

This review of IDR was found using a particular filter for high growth momentum stocks with breakout formations. Investors wanting to find similar chances can see more outcomes by using the filter themselves.

Click here to view more High Growth Momentum Breakout Setups.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation, or an offer or solicitation to buy or sell any securities. The information presented should not be used as the sole basis for making any investment decision. Always conduct your own due diligence and consult with a qualified financial advisor before making any investment.