INSTEEL INDUSTRIES INC (NYSE:IIIN) Identified by Minervini Trend Template and High Growth Momentum Screen

INSTEEL INDUSTRIES INC (NYSE:IIIN) has been identified through a screening process that combines Mark Minervini’s Trend Template with a High Growth Momentum (HGM) rating. This dual method confirms that chosen stocks show both strong technical momentum and solid underlying growth traits. The strategy centers on finding equities in confirmed uptrends with improving fundamentals, ideal for investors looking for high-growth chances in trending markets.

Technical Strength and Trend Compliance

A main part of the Minervini method is following the Trend Template, which focuses on price trading above key moving averages, strong relative strength, and being near new highs. IIIN meets these conditions with clear consistency:

• The stock is trading above its 150-day ($33.60) and 200-day ($32.25) moving averages, confirming its place in a longer-term upward trend.
• Both the 50-day ($37.56) and 150-day moving averages are above the 200-day average, showing aligned momentum across different timeframes.
• With a current price of $38.60, IIIN is trading within 7.3% of its 52-week high of $41.64 and well above its 52-week low of $22.49, exceeding the template’s need to be within 25% of the high and at least 30% above the low.
• Its relative strength ranking of 75.01 indicates it is doing better than three-quarters of all stocks, supporting its technical leadership.

These traits are important within Minervini’s framework because they help remove stocks in weak or corrective stages, focusing instead on those showing continued institutional demand and momentum.

Growth and Fundamental Momentum

Along with technical strength, the screen demands a High Growth Momentum (HGM) rating of at least 4, making sure chosen companies display better fundamental trends. IIIN’s recent performance points to several positive growth signs:

• Earnings per share (EPS) for the trailing twelve months reached $1.60, showing year-over-year growth of 53.85%.
• Quarterly EPS jumped 129.41% compared to the same quarter last year, pointing to strong near-term operational gains.
• Revenue growth also improved, with a 23.4% rise in the most recent quarter, hinting at a larger market presence or pricing strength.
• Analyst revisions have become clearly positive, with next-year EPS estimates raised by 30.93% over the past three months.

These measures are key in a growth-investing view because earnings improvement and positive estimate changes often come before continued price gains, attracting the notice of institutional investors.

Alignment with Stage Analysis and Entry Timing

From a stage analysis view, IIIN is placed in a confirmed Stage 2 advance, marked by rising moving averages, strong relative strength, and consolidation near highs. The stock recently built a base around the $36–$39 range, showing lower volatility and volume decrease, which often comes before a new upward move. This kind of consolidation is common in the Volatility Contraction Pattern (VCP) highlighted in Minervini’s strategy, offering a possible entry point with clear risk levels.

Technical and Setup Assessment

According to ChartMill’s own analysis, IIIN has a technical rating of 7 and a setup rating of 7. This points to good technical health along with a formation that presents a positive risk/reward setup. Important support is near $37.28, giving a sensible level for stop-loss placement, while resistance is around $39.61. A breakout above this area could indicate the next part of the advance.

For a detailed technical breakdown, readers can see the full technical report for IIIN.

Conclusion

INSTEEL INDUSTRIES INC is a strong example of a stock that fits with both trend-following and growth-investing ideas. Its following of the Minervini Trend Template indicates solid technical momentum, while its better earnings growth and positive analyst revisions show fundamental gains. For investors using a high-growth momentum strategy, IIIN provides a balanced mix of technical and fundamental health.

To see more stocks that meet this strict screening criteria, readers can use the High Growth Momentum + Trend Template screen.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice. All investment decisions carry risk, and individuals should conduct their own research or consult a qualified financial advisor before making investment decisions.