Neuberger Berman Next Generation Connectivity Fund Inc (NYSE:NBXG) Identified as High-Growth Momentum Stock via Minervini Trend Template

Neuberger Berman Next Generation Connectivity Fund Inc (NYSE:NBXG) has been identified through a screening process that blends Mark Minervini’s Trend Template with a High Growth Momentum (HGM) filter. This method ensures chosen stocks display solid technical trends alongside fundamental growth traits, key factors for momentum and growth investors. The Minervini Trend Template targets stocks in clear uptrends, while the HGM rating checks earnings and revenue growth, confirming the company’s ability to maintain expansion.

Why NBXG Matches the Minervini Trend Template

The Minervini Trend Template spots stocks in strong uptrends by evaluating moving averages, relative strength, and price movement. NBXG fits multiple criteria:

• Price Above Key Moving Averages: The stock trades above its 50-day ($14.11), 150-day ($13.20), and 200-day ($13.16) moving averages, signaling a positive long-term trend.
• Increasing Moving Averages: Both the 150-day and 200-day moving averages are rising, supporting the stock’s strength.
• Relative Strength: With a ChartMill Relative Strength (CRS) score of 81.39, NBXG beats 81% of all stocks, a sign of leadership.
• Near 52-Week High: The stock is close to its 52-week high of $15.02, a positive sign for continued momentum.

These points match Minervini’s focus on stocks with solid technical setups, lowering risk while boosting potential gains.

High Growth Momentum Fundamentals

Beyond technicals, NBXG shows strong growth numbers, appealing to momentum and growth investors:

• Earnings Growth:
  • EPS growth (TTM) jumped by 161.11% year-over-year.
  • Quarterly EPS growth (Q2Q) climbed to 240.43%, showing fast profit growth.
• Revenue Growth:
  • Revenue growth (TTM) grew by 43.34%, reflecting high demand.
  • Quarterly sales growth (Q2Q) increased by 26.39%, indicating steady business progress.
• Profit Margins:
  • The latest quarter’s profit margin is an impressive 2,161.24%, highlighting efficiency.

These numbers suggest NBXG is technically sound and fundamentally strong, with rising earnings and revenue—critical for high-growth investors.

Technical Analysis Summary

ChartMill’s technical report gives NBXG a technical rating of 9 out of 10, showing strong positive momentum. However, the setup rating is 3, meaning the stock is in a good uptrend but may need a pause before a better entry point appears. Key points:

• Support Levels: Solid support lies at $14.44, $13.72, and $12.89, offering downside protection.
• Resistance: The stock faces resistance near $14.97; a break above could signal more gains.
• Trend Strength: The long-term trend stays positive, though short-term action has been flat lately.

Next Steps for Investors

For traders using the Minervini approach, NBXG offers a strong case with its clear trend and growth fundamentals. However, given current market swings, waiting for a tighter pause or a break above resistance may provide a better risk-reward opportunity.

To find more stocks fitting this high-growth momentum and trend template strategy, visit the High Growth Momentum + Trend Template screen.

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