D-WAVE QUANTUM INC (NYSE:QBTS) has been identified as a high-growth momentum stock that also meets Mark Minervini’s Trend Template criteria. The company, a developer of quantum computing systems and services, exhibits strong technical and fundamental traits that align with both growth investing and trend-following strategies.
Why QBTS Fits the Minervini Trend Template
Minervini’s Trend Template focuses on stocks with strong upward momentum, confirmed by moving averages and relative strength. QBTS meets these criteria:
Price Above Key Moving Averages:
Current price ($17.11) is well above the 50-day SMA ($9.68), 150-day SMA ($6.69), and 200-day SMA ($5.27).
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, indicating a long-term uptrend.
The 150-day SMA is also trending upward, reinforcing strength.
Strong Relative Strength:
QBTS has a ChartMill Relative Strength (CRS) score of 99.83, meaning it outperforms nearly all other stocks.
Price Near 52-Week High:
The stock is trading within 13.4% of its 52-week high ($19.77), a sign of sustained momentum.
It is also 2,180% above its 52-week low ($0.75), showing significant recovery and growth.