PRIMORIS SERVICES CORP (NYSE:PRIM) Shows Strong Growth Momentum and Positive Technical Setup

Investors looking for high-growth chances with good technical setups often use a multi-factor method that joins fundamental momentum with technical study. This plan centers on companies showing solid earnings and revenue speed-up while also having positive price movements and consolidation shapes that hint at possible breakout chances. By filtering for stocks with high growth momentum grades next to good technical and setup marks, investors try to find companies with both fundamental drivers and positive chart formations.

Fundamental Growth Momentum

PRIMORIS SERVICES CORP (NYSE:PRIM) shows positive growth traits that fit high momentum investing rules. The company's earnings results show notable speed-up across several time periods, with special force in recent quarters.

• EPS growth of 62.1% over the trailing twelve months
• Recent quarterly EPS growth rates of 61.5%, 108.5%, and 63.8% over the past three quarters
• Four straight quarters of positive earnings surprises, averaging 41.1% above estimates
• Revenue growth of 15.1% over the past year, with recent quarterly growth speeding up to 20.9%
• Free cash flow per share rose by 2,134.9% year-over-year to $9.25

These numbers show the company's skill to not just grow but also quicken its growth path, a main factor for momentum investors who favor companies displaying bettering fundamentals. The steady earnings beats and analyst estimate changes further back the positive momentum story, as they show the company is beating forecasts and drawing upward changes from market experts.

Technical Force and Setup Grade

From a technical view, PRIM shows very good force with a complete technical grade of 10 out of 10. The stock shows solid trend traits across several time periods, trading well above its main moving averages and displaying steady upward momentum.

• Both short-term and long-term trends are positive
• Stock does better than 95% of all stocks in the market and is number one in its field
• Trading near 52-week highs with large gains of 145.9% over six months
• Several support levels found between $117.67 and $137.72
• Setup grade of 8 shows a positive consolidation shape

The technical setup shows a clear consolidation shape with set support and resistance levels. The stock has been trading in a span between $124.59 and $142.84 over the past month, now placed near the top of this span. This consolidation after a strong upward move makes the chance for a breakout continuation shape that technical traders often look for.

Trading Setup Points

The technical analysis report finds certain price levels that traders may watch for possible entry and exit spots. Resistance is in the $138.83 to $140.61 span, while support is seen between $135.78 and $137.72. A clear move above the resistance zone could point to continuation of the upward trend, while the support levels give sensible zones for risk control.

The mix of strong fundamental momentum and positive technical placement makes PRIM a noteworthy pick for investors using growth momentum plans. The company's speeding-up earnings, positive surprises, and solid technical trends create a positive case for more study by growth-focused market players.

For investors looking for similar chances, more filtering results can be seen through this High Growth Momentum Breakout Setups screen, which finds companies meeting these specific rules.

Disclaimer: This study is for information only and does not make up investment guidance, a suggestion, or a backing of any security. Investors should do their own study and talk with financial consultants before making investment choices. Past results do not ensure future outcomes.