MasTec Inc (NYSE:MTZ) Emerges as a High-Growth Momentum Pick with Strong Technical Setup

Investors looking for high-growth chances with good technical setups often use a method that joins fundamental momentum with technical study. This plan centers on finding companies showing solid earnings speed-up and sales improvement while also displaying helpful chart formations that indicate possible breakout chances. By filtering for stocks with high growth momentum grades next to solid technical and setup marks, investors can find securities that provide both fundamental growth engines and technically good entry spots.

MasTec Inc (NYSE:MTZ) appears as a notable candidate through this filtering method, showing traits that match high growth momentum investing ideas while having technically sound formations.

Fundamental Growth Momentum

MasTec's fundamental picture shows several traits that high growth momentum investors usually look for. The company shows large earnings improvement across several periods, with special force in recent quarterly results:

• TTM EPS improvement of 107.8% year-over-year
• Recent quarterly EPS improvement marks of 55.2%, 492.3%, and 118.2% over the last three quarters
• Free cash flow per share improvement of 945.5% over the last year
• Four straight quarters of EPS estimate beats with a typical surprise of 25.6%

These measures show the speeding earnings momentum that makes the heart of high growth investing plans. The steady form of beating forecasts, joined with triple-digit percentage improvement in both earnings and cash flow, points to solid operational performance and chance for continued momentum.

Technical Force and Market Standing

From a technical view, MasTec shows outstanding force with a complete ChartMill Technical Rating of 10. The stock shows steady results across both short and long-term periods, with several noticeable traits:

• Both short-term and long-term directions are good
• The stock does better than 89% of all stocks in yearly results
• Inside the Construction & Engineering field, MasTec does better than 81% of similar companies
• The stock trades above all main moving averages (20-day, 50-day, 100-day, and 200-day)

This technical force is especially notable given the present market setting, where the S&P 500 shows a neutral long-term direction but good short-term momentum. MasTec's ability to keep solid relative performance shows its technical leadership.

Setup Quality and Trading Points

With a Setup Rating of 7, MasTec presents a fair consolidation form that may offer planned entry chances. The technical study indicates:

• Prices have been consolidating inside the $195.04, $221.83 range over the last month
• Volatility has lessened during this consolidation time
• Six clear support levels offer possible downside protection
• A pullback from recent highs may present good risk-reward situations

The automated study suggests possible entry at $208.69 with a stop loss at $199.17, meaning a 4.56% risk per trade. However, traders should note that the space between entry and exit points is fairly close compared to the stock's typical daily move, indicating the need for watchful position sizing and possible change of these levels based on personal risk tolerance.

Joined Investment Idea

The joining of MasTec's fundamental growth traits and technical setup makes a notable case for momentum investors. The company's outstanding earnings improvement, steady estimate beats, and growing profit margins provide the fundamental push for continued price gains, while the technical form offers a possibly good risk-reward setup. This matching of fundamental momentum with technical force is exactly what high growth momentum plans aim to find.

For investors curious about finding like chances, the filtering method that found MasTec can be checked more through High Growth Momentum Breakout Setups Screen, which often updates with new possible candidates meeting these standards.

Disclaimer: This study is for information only and does not make up investment guidance, suggestion, or backing of any security or plan. Investors should do their own study and talk with financial advisors before making investment choices. Past results do not ensure future results, and all investments hold risk including possible loss of principal.