ORLA MINING LTD (NYSEARCA:ORLA) – A Strong Growth Candidate Meeting Minervini’s Criteria

ORLA MINING LTD (NYSEARCA:ORLA) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company demonstrates strong technical and fundamental characteristics, making it a potential candidate for growth-focused investors.

Technical Strength: Meeting Minervini’s Trend Template

ORLA’s technical setup adheres to Minervini’s key criteria for identifying stocks in strong uptrends:

• Price Above Key Moving Averages: The stock trades above its 50-day ($10.63), 150-day ($7.87), and 200-day ($7.01) moving averages, confirming a bullish trend.
• Upward-Sloping Averages: Both the 150-day and 200-day moving averages are trending upward, reinforcing long-term strength.
• Relative Strength: With a ChartMill Relative Strength score of 97.85, ORLA outperforms nearly 98% of all stocks, indicating strong market leadership.
• Price Near 52-Week High: Currently at $11.25, ORLA is within 9.5% of its 52-week high ($12.43), a sign of sustained momentum.
• Strong Performance: The stock has gained 190% over the past year, with consistent upward movement.

Fundamental Growth Drivers

Beyond technicals, ORLA exhibits strong growth fundamentals:

• Earnings Growth: EPS surged 140% year-over-year in the latest quarter, with accelerating growth over the past three quarters.
• Revenue Expansion: Sales grew 109% in the most recent quarter, with a 47% increase in annual revenue.
• Free Cash Flow Growth: FCF per share expanded by 824% over the past year, reflecting strong operational efficiency.
• Analyst Upgrades: EPS estimates for next year have been revised upward by 28% in the last three months, signaling improving sentiment.

Technical Report Summary

ORLA’s technical rating of 10/10 reflects its strong uptrend and market leadership. While the stock is technically sound, the current setup rating of 3 suggests waiting for a consolidation phase before entering. Key support levels are found between $10.63 and $11.07, while resistance sits near $11.28.

For a deeper technical breakdown, review the full technical report.

Our High Growth Momentum + Trend Template screener lists more high-growth stocks that meet Minervini’s criteria.

Disclaimer

This is not investment advice. The article highlights observations at the time of writing, but investors should conduct their own analysis before making decisions.