MasTec Inc (NYSE:MTZ) Combines Strong Growth Momentum with Bullish Technical Setup

Infrastructure construction firm MASTEC INC (NYSE:MTZ) has appeared in a screen made to find stocks that join solid fundamental growth momentum with strong technical setups. The screen uses three main conditions: a ChartMill High Growth Momentum Rating above 4, a Technical Rating above 7, and a Setup Rating above 7. This multi-factor method finds companies that not only show quickening earnings and sales growth, key features of high-growth momentum strategies, but also trade in good uptrends with clear, low-risk entry points, giving a combination of fundamental and technical strength.

Fundamental Growth Momentum

MasTec’s fundamental profile matches strongly with the ideas of high-growth momentum investing, which focuses on earnings acceleration, positive surprises, and upward analyst revisions. The company’s trailing twelve-month EPS growth is at a notable 107.8%, while recent quarterly performance shows even more marked expansion: EPS growth rates for the last four quarters were 71.6%, 118.2%, 492.3%, and 55.2%, in that order. This sequence of high and quickening quarterly growth is a vital part of the High Growth Momentum Rating, as it points to not just growth, but rising momentum.

Additionally, the company has surpassed EPS estimates in each of the last four quarters by an average of over 25%, showing its capacity to regularly beat expectations, another important element in the rating. Free cash flow has jumped by 945.5% over the past year, highlighting bettered financial health and operational efficiency. Analyst sentiment has also become positive, with next-year EPS estimates adjusted upward by 3.17% over the last three months, adding more momentum to the fundamental story.

Technical Strength and Setup Quality

From a technical view, MasTec is similarly strong. The stock gets a perfect Technical Rating of 10, showing outstanding strength across multiple timeframes. Both its short-term and long-term trends are positive, and it is trading near the high end of its 52-week range, doing better than 89% of all stocks over the past year. More significantly, it shows a Setup Rating of 8, pointing to a consolidation phase that often comes before a possible breakout.

According to the detailed technical report, the stock has been trading in a range between $167.66 and $187.02 over the past month and is now nearing the upper limit of this range. A few support zones are found below the current price, with the closest major support near $179.33, offering a sensible level for a stop-loss order if a reversal happens. The technical summary mentions very little resistance above the current price, indicating a clear path upward if positive momentum persists.

Conclusion

MasTec stands as a significant candidate for investors using a high-growth momentum strategy joined with technical breakout setups. Its outstanding earnings growth, record of positive surprises, and upward analyst revisions meet the main fundamental conditions, while its solid technical health and consolidation pattern present a good risk/reward setup for entry.

For investors wanting to find similar chances, more stocks meeting these conditions can be located using this specialized screen.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consider their risk tolerance before making any investment decisions.