Southern Copper Corp (NYSE:SCCO) Shows High Growth Momentum and Strong Technical Setup

Investors looking for high-growth momentum possibilities often search for companies with good earnings speed, favorable estimate changes, and increasing profit margins. The ChartMill High Growth Momentum Rating brings these parts together into one number, concentrating on short-term earnings speed instead of consistent long-term expansion. When used with good technical scores and quality setup formations, this method helps find stocks that may be ready for possible breakouts. Southern Copper Corp (NYSE:SCCO) recently appeared in a search looking for securities with a High Growth Momentum Rating greater than 4, a Technical Rating higher than 7, and a Setup Rating above 7, indicating it deserves more detailed study.

High Growth Momentum Fundamentals

Southern Copper’s High Growth Momentum Rating of 6 shows good basic financial health, especially in earnings expansion and analyst opinion. The company presents positive growth in important financial measures, which are important for momentum plans that focus on speeding up performance.

• Earnings Growth: EPS growth figures show positive speed, with the last quarter reporting a 20.6% year-over-year rise. For the future, analysts estimate a large 47.9% EPS growth for the coming quarter compared to the same time last year.
• Annual Performance: Full-year EPS growth is at 39.7%, while revenue rose by 15.5% over the past twelve months. Free cash flow per share increased 30.9%, showing better cash creation.
• Profitability Trends: The profit margin grew to 31.9% in the most recent quarter, up from 28.5% two quarters before, displaying the company's capacity to turn more revenue into final profits.
• Analyst Confidence: EPS estimates for the next year have been adjusted higher by 10.9% over the past three months, while revenue estimates rose by 4.9%, showing increasing positive feeling about the company's future.

These basic features match what high growth momentum investors usually look for: companies displaying speed in important financial measures, growing profitability, and favorable changes from analysts who monitor the stock.

Technical Strength and Market Position

Southern Copper’s technical picture looks good, with a ChartMill Technical Rating of 9 out of 10 showing strong positive momentum across different time periods. The stock shows leading features that technical analysts appreciate when finding possible better performers.

• Trend Strength: Both short-term and long-term trends are good, with the stock priced above all main moving averages (20-day, 50-day, 100-day, and 200-day).
• Relative Performance: The stock performs better than 89% of all stocks in the market on a yearly performance basis, although it places in the middle of metals and mining companies.
• Price Action: Recent trading has happened between $125.24 and $144.81, with the stock now located in the middle of this span, indicating space for upward price change.
• Support Levels: Several set support areas exist below the present price, including a good combined zone between $133.05 and $133.88 joining trendlines and moving averages.

The detailed technical analysis report gives more information about these technical factors, including specific support and resistance levels that traders watch for entry and exit choices.

Setup Quality and Trading Considerations

With a Setup Rating of 7, Southern Copper shows a consolidation formation that technical traders often view as interesting for possible breakout chances. The setup indicates the stock might be getting ready for its next important price change.

• Consolidation Pattern: The stock displays lower volatility while prices have been consolidating recently, forming a possible base for upward movement.
• Entry and Exit Levels: Study indicates a possible entry near $137.09, with a stop loss around $133.04, representing a controllable risk of about 2.95%.
• Resistance Outlook: Very little resistance is seen above the present price, indicating possibility for clear breakouts if buying interest grows.
• Market Context: The current good short-term trend in the S&P 500 gives a supportive environment for breakout setups in leading stocks like Southern Copper.

This mix of technical strength and quality setup makes Southern Copper especially noteworthy for momentum investors who usually search for stocks showing both fundamental speed and favorable chart formations indicating upcoming price movement.

Screening for Similar Opportunities

The process that found Southern Copper can be used regularly to find other possible high growth momentum chances with quality technical setups. Investors can access the screening parameters to locate more stocks meeting these conditions, allowing for continuous finding of possible investment options as market situations change.

Southern Copper serves as an example of how joining fundamental momentum factors with technical study can find companies showing both growth speed and favorable chart formations. The stock's good earnings expansion, increasing profit margins, positive estimate changes, and constructive technical setup form an interesting profile for investors following high growth momentum plans.

Disclaimer: This analysis is for informational purposes only and does not constitute investment advice, recommendation, or endorsement of any security. Investors should conduct their own research and consult with a qualified financial advisor before making investment decisions. Past performance is not indicative of future results.