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 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.

High-Growth Fundamentals

Beyond technical strength, QBTS exhibits strong growth metrics:

• Revenue Growth: Quarterly revenue surged 508.6% year-over-year, with TTM revenue growth at 121.6%.
• EPS Improvement: Earnings per share (EPS) grew 80.8% in the latest quarter, with a 52.5% improvement over the past year.
• Analyst Upgrades: EPS estimates for next year have been revised upward by 13.8% in the last three months, signaling optimism.
• Sector Leadership: QBTS outperforms 99% of stocks in the Software industry, reinforcing its market leadership.

Technical Outlook

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

• Strong long and short-term uptrends.
• High liquidity with average daily volume of ~76.8 million shares.
• Support near $15.53-$15.69, providing a potential risk-management level.

However, the report notes that the stock 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. Always conduct your own research and consider risk management before making investment decisions.