ORLA MINING LTD (NYSEARCA:ORLA) stands out as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company operates gold and silver mines in Mexico and Canada, with strong fundamentals and technical strength supporting its upward trend.
Why ORLA Fits the Minervini Trend Template
Minervini’s strategy focuses on stocks in strong uptrends with improving fundamentals. ORLA meets all key technical criteria:
Price Above Key Moving Averages: ORLA trades at $10.57, well above its 50-day ($10.02), 150-day ($7.28), and 200-day ($6.52) moving averages.
Upward-Trending Averages: The 150-day and 200-day MAs are rising, confirming long-term strength.
Relative Strength: With a ChartMill Relative Strength score of 98.12, ORLA outperforms nearly all peers.
Price Near 52-Week High: At $10.57, ORLA is within 12% of its 52-week high ($11.95) and 226% above its 52-week low ($3.24).
High Growth Momentum Fundamentals
ORLA’s growth metrics make it appealing for momentum investors:
Earnings Growth: EPS surged 140% year-over-year in the latest quarter, with TTM EPS growth at 94%.
Analyst Upgrades: EPS and revenue estimates for next year have been revised upward by 28% over the past three months.
Technical Outlook
ORLA’s technical rating of 10/10 reflects its strong trend, while the setup rating of 5/5 suggests consolidation before potential continuation. Key support levels are at $10.02–$10.27 and $9.09, with resistance near $11.77.