MANHATTAN ASSOCIATES INC (NASDAQ:MANH) – A Strong Growth Stock with Technical Breakout Potential

MANHATTAN ASSOCIATES INC (NASDAQ:MANH) was identified by our screener as a strong growth stock with a favorable technical setup. The company combines solid fundamentals with a recent price pattern that suggests potential upside momentum. Below, we examine why MANH stands out in both growth and technical terms.

Strong Growth Fundamentals

• Growth Rating (7/10): MANH has demonstrated consistent earnings growth, with EPS increasing by 22.56% over the past year and revenue growing at an 11.02% annualized rate over the last several years. Future estimates suggest continued growth, with EPS expected to rise by 16.78% annually.
• Profitability (9/10): The company boasts high margins, with a 20.67% net profit margin and a 25.35% operating margin, outperforming most peers in the software industry.
• Financial Health (9/10): MANH has no debt, a strong Altman-Z score (18.55), and a history of share buybacks, reinforcing its financial stability.

Technical Setup

• Bull Flag Pattern: The stock is forming a bullish continuation pattern after a recent uptrend, suggesting potential for further gains if it breaks above resistance near $194.50.
• Support Levels: Key support lies between $188.25 and $191.07, providing a cushion against downside risk.
• Relative Strength: While MANH has lagged the broader market over the past year, the short-term trend has turned positive, indicating renewed investor interest.

For a deeper look at MANH’s fundamentals, review the full fundamental report. The technical analysis report provides additional insights into the stock’s price action.

Our Strong Growth Stocks with Good Technical Setup screener lists more stocks with similar characteristics and is updated daily.

Disclaimer

This is not investment advice. The observations here are based on current data, but market conditions can change. Always conduct your own research before making investment decisions.