Newmont Corp (NYSE:NEM) Shows High Growth Momentum and Positive Technical Setup

Investors looking for high-growth momentum chances often search for firms showing solid earnings speed-up, widening profit margins, and good analyst changes, paired with positive technical formations. One organized method uses filters for stocks with high ChartMill scores: a High Growth Momentum Rating over 4 to find basic growth power, a Technical Rating over 7 to confirm strong price directions, and a Setup Rating over 7 to find pullback formations giving possible buy points. This process tries to find stocks where speeding-up company results match with helpful chart formations.

Fundamental Growth Momentum

NEWMONT CORP (NYSE:NEM) shows a positive profile for growth investors, receiving a High Growth Momentum Rating of 6. This number shows force in a few main growth areas important for momentum plans, which focus on speeding-up money measures and positive earnings beats.

The firm's earnings ability has grown strongly:

• EPS Growth (TTM): 124.4% year-over-year rise.
• Recent Quarter EPS Growth: 111.1% in the last quarter, after earlier quarters with growth of 98.6%, 127.3%, and 180.0%.
• Free Cash Flow Surge: FCF per share grew a large 1,700% over the past year, showing good cash creation.

Profitability gains add to the growth story:

• Widening Margins: Quarterly profit margins have step-by-step widened from 20.0% to 24.8%, 37.7%, and most lately 38.8%.
• Earnings Surprises: The firm beat EPS guesses in 3 of the last 4 quarters by an average of 20.0%.
• Analyst Positivity: Analysts have changed next year's EPS guesses upward by 17.0% over the past three months.

These basic traits, fast earnings growth, margin widening, and positive changes, are exactly what the High Growth Momentum Rating tries to find, as they often come before continued price gains.

Technical Force and Setup Grade

From a technical view, Newmont shows very good force. The stock gets a full Technical Rating of 10, showing high trend quality across many time frames. This rating system checks relative force, trend quality, and moving average position to find market front-runners.

Main technical features are:

• Trend Steadiness: Both short-term and long-term trends are up, with the stock priced above all main moving averages (20, 50, 100, and 200-day).
• Relative Force: Newmont does better than 93% of all stocks over the past year.
• Sector Position: While leading in general, it does better than 64% of Metals & Mining industry friends.

The Setup Rating of 8 points to a possibly good buy formation. According to the detailed technical study, prices have been pulling back inside the $82.30-$98.58 band lately, with the present drop maybe giving a buy chance. The study finds a support area between $85.14-$85.84, giving a sensible level for stop-loss setting. With little resistance above present prices, the technical formation hints at positive risk-reward traits for momentum investors.

Filtering for Like Chances

The mix of sound growth basics, good technical quality, and a helpful formation design makes Newmont a notable pick for high growth momentum plans. Investors can use organized filtering to find like chances that fit these exact needs.

For those wanting to look into more stocks that fit these measures, the High Growth Momentum Breakout Setups filter often updates with possible picks showing good growth momentum along with positive technical formations.

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Disclaimer: This article is for information reasons only and does not make up investment guidance. The study shown uses data ready at the time of writing and should not be seen as a call to buy or sell any stock. Investors should do their own study and think about their personal money situation before making any investment choices.