D-WAVE QUANTUM INC (NYSE:QBTS) – A High-Growth Stock Meeting Minervini’s Trend Template

D-WAVE QUANTUM INC (NYSE:QBTS) has been identified as a high-growth momentum stock that also aligns with Mark Minervini’s Trend Template criteria. The company, a leader in quantum computing systems, demonstrates strong technical and fundamental traits that make it a candidate for growth-focused investors.

Why QBTS Fits the Minervini Trend Template

Minervini’s strategy focuses on stocks exhibiting strong uptrends with clear technical strength. QBTS meets these criteria:

• Price Above Key Moving Averages:
  • Current price ($10.72) is well above the 50-day SMA ($7.43), 150-day SMA ($5.37), and 200-day SMA ($4.27).
  • The 50-day SMA is above both the 150-day and 200-day SMAs, confirming bullish momentum.
• Upward-Trending Moving Averages:
  • The 200-day SMA is rising, reinforcing a long-term uptrend.
• Strong Relative Strength:
  • QBTS has a ChartMill Relative Strength (CRS) score of 99.7, outperforming nearly all stocks in its sector.
• Price Near 52-Week High:
  • Trading at $10.72, QBTS is within 10% of its 52-week high ($11.95), a sign of sustained momentum.
• Significant Price Appreciation:
  • The stock is up over 724% from its 52-week low ($0.75), meeting Minervini’s requirement of being at least 30% above its low.

High-Growth Fundamentals

Beyond technical strength, QBTS shows accelerating growth metrics:

• Revenue Growth:
  • Quarterly revenue growth surged 508.5% year-over-year, with full-year revenue growth at 78.8%.
  • Analysts have revised next-year revenue estimates upward by 23.4% in the last three months.
• Earnings Momentum:
  • EPS growth improved 83.3% in the latest quarter, with a trailing 12-month EPS growth of 53%.
  • Forward EPS estimates have been revised up by 23.4% over the past three months.
• Sector Leadership:
  • QBTS operates in quantum computing, a high-growth industry with expanding enterprise adoption.

Technical Outlook

According to ChartMill’s technical report, QBTS scores a perfect 10 on technical health, supported by:

• Strong short- and long-term uptrends.
• High relative strength (99.7), outperforming 99% of stocks in its sector.
• Recent volume spikes suggest institutional interest.

However, the report notes that while the stock is technically strong, it may be extended in the short term, suggesting investors watch for consolidation before entering.

For a deeper analysis, review the full technical report on QBTS.

Our High Growth Momentum + Trend Template screener lists more high-growth stocks with strong technical setups.

Disclaimer

This is not investment advice. The observations are based on current data, and investors should conduct their own analysis before making decisions.