Why NASDAQ:PODD qualifies as a high growth stock.

Our stockscreener has identified a possible breakout setup on INSULET CORP (NASDAQ:PODD). This occurs when the stock consolidates following a significant upward movement. While the breakout outcome cannot be guaranteed, it may be worth monitoring NASDAQ:PODD for potential opportunities.

Deciphering the Technical Picture of NASDAQ:PODD

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Taking everything into account, PODD scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, PODD is showing a nice and steady performance.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• When comparing the yearly performance of all stocks, we notice that PODD is one of the better performing stocks in the market, outperforming 87% of all stocks. On top of that, PODD also shows a nice and consistent pattern of rising prices.
• PODD is part of the Health Care Equipment & Supplies industry. There are 188 other stocks in this industry. PODD outperforms 78% of them.
• PODD is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so PODD is lagging the market slightly.
• PODD is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

For an up to date full technical analysis you can check the technical report of PODD

How do we evaluate the setup for NASDAQ:PODD?

ChartMill takes into account not only the Technical Rating but also assigns a Setup Rating to each stock. This rating, on a scale of 0 to 10, reflects the degree of consolidation observed based on short-term technical indicators. Currently, NASDAQ:PODD exhibits a 8 setup rating, indicating its consolidation status in recent days and weeks.

Besides having an excellent technical rating, PODD also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 236.60. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 234.26, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for PODD in the last couple of days, which is a good sign.

Some of the high growth metrics of NASDAQ:PODD highlighted

• With a favorable trend in its quarter-to-quarter (Q2Q) earnings per share (EPS), INSULET CORP highlights its ability to generate increasing profitability, showcasing a 44.74% growth.
• INSULET CORP has achieved significant quarter-to-quarter (Q2Q) revenue growth of 23.2%, signaling its ability to capture market opportunities and drive top-line expansion. This growth underscores the company's effective execution and its potential for continued success.
• Over the past 3 years, INSULET CORP has demonstrated 104.0% growth in EPS, signifying its positive financial trajectory and potential for future profitability.
• With impressive 1-year revenue growth of 27.82%, INSULET CORP showcases its ability to generate increased sales and revenue. This growth highlights the company's strong customer demand and its effective business strategies.
• The quarterly earnings of INSULET CORP have shown a 44.74% increase compared to the previous quarter, as revealed in the recent financial report. This growth signifies positive momentum in the company's financials, pointing towards a promising upward trend
• INSULET CORP has experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• With positive growth in its free cash flow (FCF) over the past year, INSULET CORP showcases its ability to generate strong cash flows and maintain a solid financial position. This growth reflects the company's efficient utilization of capital and its commitment to long-term value creation.
• INSULET CORP showcases a robust Return on Equity (ROE) of 39.59%, indicating its ability to generate favorable returns for shareholders. This metric underscores the company's efficiency in utilizing its equity capital to generate profits.
• With a current Debt-to-Equity ratio at 1.36, INSULET CORP showcases its disciplined capital structure. The company's prudent management of debt obligations contributes to its financial stability and long-term sustainability.
• The ownership composition of INSULET CORP reflects a balanced investor ecosystem, with institutional shareholders owning 7.16%. This indicates a broader market participation and potential for increased trading liquidity.
• INSULET CORP has a strong history of beating EPS estimates 3 times in the last 4 quarters, signaling its ability to consistently exceed market expectations. This indicates the company's strong financial performance and its potential for creating shareholder value.
• The Relative Strength (RS) of INSULET CORP has consistently been strong, with a current 87.51 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. INSULET CORP demonstrates promising potential for sustained price momentum.

More ideas for high growth momentum breakouts can be found on ChartMill in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.