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 developer of quantum computing systems, has shown strong technical and fundamental characteristics that make it worth a closer look for growth-oriented investors.
Why QBTS Fits the Minervini Trend Template
Minervini’s Trend Template focuses on stocks exhibiting strong uptrends with key technical confirmations. QBTS meets these criteria:
Price Above Key Moving Averages: The stock is trading at $19.24, well above its 50-day ($15.15), 150-day ($9.61), and 200-day ($7.61) moving averages.
Upward-Trending MAs: Both the 150-day and 200-day moving averages are rising, confirming long-term strength.
Relative Strength: QBTS has a ChartMill Relative Strength (CRS) score of 99.88, meaning it outperforms nearly all stocks in the market.
Near 52-Week High: The stock is within 2.6% of its 52-week high ($19.77), a sign of strong momentum.
Stage 2 Uptrend: The stock has broken out of a consolidation phase and is in a clear uptrend, a hallmark of Minervini’s strategy.