IREN LTD (NASDAQ:IREN) – A High-Growth Stock Meeting Minervini’s Trend Template

IREN LTD (NASDAQ:IREN) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company, which operates renewable energy-powered data centers for Bitcoin mining and AI cloud services, demonstrates strong technical and fundamental characteristics that make it a candidate for further analysis.

Why IREN Fits the Minervini Trend Template

Minervini’s Trend Template focuses on stocks exhibiting strong uptrends with key technical confirmations. IREN meets these criteria:

• Price Above Key Moving Averages:

  • Current price ($16.88) is well above the 50-day ($10.76), 150-day ($9.86), and 200-day ($9.86) moving averages.
  • The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.

• Upward-Trending Moving Averages:

  • The 150-day and 200-day MAs are rising, reinforcing long-term strength.

• Strong Relative Strength:

  • IREN’s ChartMill Relative Strength (CRS) is 97.7, meaning it outperforms nearly 98% of stocks.

• Price Near 52-Week High:

  • The stock is trading within 10% of its 52-week high ($18.64), a sign of sustained momentum.

• Significant Price Appreciation from Low:

  • IREN has surged over 200% from its 52-week low ($5.13), indicating strong recovery potential.

High-Growth Fundamentals

Beyond technical strength, IREN shows accelerating growth metrics:

• Revenue Growth:

  • TTM revenue growth of 149.98%, with recent quarterly sales up 172.49% year-over-year.
  • Previous quarters also showed robust growth (180.89% in Q-1).

• Earnings Momentum:

  • EPS growth (TTM) improved by 90.75%, with recent quarterly EPS up 57.14%.
  • Profit margins have expanded, with the latest quarter at 16.36%, up from 15.79% in the prior quarter.

• Sector Leadership:

  • IREN outperforms 94% of stocks in the Software industry, reinforcing its market leadership.

Technical Report Summary

The ChartMill Technical Report rates IREN a 9/10 for technical strength, citing:

• Strong short- and long-term uptrends.
• High relative strength vs. peers.
• Support levels at $16.23, $11.84, and $10.96, providing downside protection.
• Resistance near $17.28, which, if broken, could signal further upside.

While the setup rating is 5/10 due to recent volatility, the stock remains a high-growth candidate for investors comfortable with momentum plays.

Our High Growth Momentum + Trend Template Screener lists more high-growth stocks meeting these criteria.

Disclaimer

This is not investment advice. Always conduct your own research and consider risk tolerance before investing.